Driven by a sharp decline in new contract activity, the number of homes actively listed for sale in San Francisco has ticked up another 10 percent over the past week to 550.
As such, while listed inventory levels in the city are still down 10 percent on a year-over-year basis, they’re up significantly from the end of March, at which point inventory levels were suddenly down 40 percent on a year-over-year basis following the issuance of San Francisco’s original stay-at-home order.
At the same time, pending home sales activity in San Francisco is currently down nearly 50 percent versus the same time last year (and dropping).