Realty Times reports:
San Francisco, California Real Estate Cools Slightly:
"Wow. Inventory is rising and sitting!," says Realtor James Kastner. "I saw several properties on broker's tour that have been on the market a few weeks -- even a few price reductions. Inventory tends to surge after a holiday weekend -- and drop before. Remember that we have Labor Day coming."
So the increase might just be seasonal. And this from Realtor Jeffrey Tong:
"Prices are still increasing, however there are no longer 20 offers on each house -- more like two. Although I don't believe the amount of buyer interest has waned, it appears many are just pausing to see what happens to the market."
Occasionally I like to check in on the Downtown San Diego condo market (
see graphic). The trend of increasing inventories appears to be continuing.