Shared: Why are There So Few Homes for Sale in San Francisco? (Curbed SF)
By Tracy Elsen
As we all know, San Francisco real estate prices are skyrocketing, and low inventory is almost always considered to be a factor in these major price jumps. But why are there so few homes for sale in a city where the market is so hot? Real estate site Redfin has identified four major categories of homes that are unlikely to go on sale, and sees all of them in San Francisco's real estate mix. In fact, in San Francisco only .3% of existing homes are currently for sale.Of all the major housing markets examined by Redfin, this was the second lowest, after only San Jose.
Please click here to read the rest of the article from Curbed SF.
---------------------------------------------------------------------
For more news on San Francisco happenings, including news on real estate, global investments, local Bay Area news, please follow my Facebook page here.