While the number of single-family homes listed for sale in San Francisco (254) is currently running 7 percent lower than at the same time last year, the number of condos listed for sale in the city (407) is running 23 percent higher.
And overall, there are roughly 9 percent more residential properties listed for sale in San Francisco as of this morning than at the same time last year, 43 percent of which are listed for less than a million dollars (versus 45 percent last week)
In the absolute, however, the number properties listed for sale in San Francisco has slipped 4 percent over the past two weeks. And with the pace of new listings slowing, listed inventory levels, which include less than 3 percent of new construction condos on the market in sales offices around town, have likely peaked for the year.
Listed inventory levels should continue to decline through the end of the year and then climb in the first quarter of 2016, assuming typical seasonality holds true.