SAN FRANCISCO—San Francisco's residential inventory remains extremely tight, and prices increased again in May, according to the Mark Company Pricing Index. The company released reports for the month of May on San Francisco, Los Angeles and Seattle. In all three cities inventories of resale units are tight, but San Francisco, with just one month's inventory on the market, is the tightest.
For May, San Francisco's average prices were up 1% from April. Prices rose 14% from the year prior.
Pricing Index is the tool for tracking the value of a new construction condominium without the volatility of inventory changes. The Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
