There are fewer than 10,000 homes for sale in the SF Metro area. That means, there are 10x as many homes vacant as are for sale.
If there were 10x as many homes for sale as are currently for sale, what do you think that'd do to the price of homes in the area?
Source: https://www.mercurynews.com/2019/02/14/the-bay-area-has-more...