With the number of homes on the market in San Francisco nearing a two-decade high, and the percentage of homes on the market listed for under a million dollars having just ticked up to 35 percent, which is up 2 percentage points over the past month and versus 26 percent at the same time last year, there are now 160 percent more sub-million dollar homes on the market in San Francisco (690) than there were at the same time last year (270) and the most, in the absolute, since October of 2011.

10 thoughts on “Sub-Million Dollar Listing Levels Tick Up Again in San Francisco”
  1. Weirdly, I’m seeing a bit of a dry spell in inventory for the neighborhoods I’m looking at sub 1.5. Clearly things are not evenly distributed.

        1. Correct, especially in the areas that I am looking at – Cole, Noe and Haight. I would say I did not see any new listings – that is attractive – in that category in the past 2-3 weeks.

    1. That’s correct and perhaps not too surprising, considering the average sale price for a single-family home (SFH) in the city has been running around $1.6 million (versus $1.2 million for a condo).

      At the same time, however, the average SFH sale price over the past six months is down around 8 percent versus the six months prior and down 9 percent on a price per square foot basis.

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