Housing inventory was down by more than 30 percent during the past year in the Bay Area, according to real estate website Zillow.
When comparing June of 2013 to June of 2012 in its database of listings, Zillow found there were fewer homes on the market in the San Francisco metro area, but nationwide, the number rose by 5.3 percent.
Zillow listed 4,528 total homes for sale in June of this year, down from 6,496 last year, in the San Francisco metropolitan area including San Francisco, Alameda, Marin, Contra Costa, and San Mateo counties.
In our market, having fewer homes for sale has pumped up prices and sparked bidding wars.
Read more: San Francisco Business Times Bay Area housing inventory drops by 30 percent