|Record High Inventory in September 2021
Look at the 2021 vs 2020 and 2021 vs 2019 charts to appreciate how much inventory is moving through the market. There are 74% more new listings in September 2021 than in September 2019 (pre-COVID-19) and 22% more new listings than 2020. Buyers have more market power when there is a larger number of active listings competing for qualified and motivated buyers. Of course, with so much competition, some sellers whose homes are not priced competitively will be stuck on the sidelines. Buyers will pay more and compete for remodeled and updated homes that are attractively priced.
When is the Best Time to Buy?
Choosing a home when there are more options is better than deciding among just a few. Market watchers know, San Francisco’s available housing inventory ebbs and flows with the seasons, typically spiking in May, dropping in summer, elevating in September, and reaching a low point in December.