I’m confused.

What month is this?

Obviously I can read a calendar, I can tell that it’s mid-July, but from a San Francisco real estate perspective it sure feels like March.

Traditionally the heaviest activity in the San Francisco market occurs from March to June of each year. My theory is that because of the economic issues in Q1 2008 and Q2 2009 the spring market was delayed.

In my blog May Flowers I indicated that in May there was an increase in the ratification of contracts. That activity level has sustained through June and now into July.

I’ve been tracking the properties I’ve viewed on a four week rolling basis as to how many have ratified. In the last four weeks, out of the 97 properties I’ve seen on tour, 23 — or 23.7% — are in contract. In my experience anything north of 10% shows a normal activity level, and since this is more than double the normal level, it appears we are still in the midst of a spring market.

What will August bring? Even though we are not like the French who take August off, this month is typically one of the least active in San Francisco. I’ll keep my finger on the market’s pulse and report at a later date.

As for now Au Revoir and Bon Chance!

Courtesy of arrogantfrenchman