Despite a number of misreports making the rounds about record low inventory levels, the number of properties listed for sale in San Francisco has been ticking up since the beginning of the year and is currently running eleven (11) percent higher versus the same time last year, with the number of single-family homes on the market twenty-one (21) percent higher on a year-over-year basis, four (4) percent higher for listed condos.
On a year-over-year basis, the number of listed properties for sale in San Francisco hasn’t been higher by double digits since 2011. And of the 180 or so single-family homes currently on the market, half are listed for under a million dollars.
In terms of unlisted inventory in new developments about town, there are over 700 units on the market, twice as many as six months ago but roughly half the number at the same time of the year in 2008. And yes, that inventory includes the potential $49 million penthouse atop Lumina.