Depleted by listings which were withdrawn from the MLS over the holidays, many of which are likely to soon return to the market as “new,” perhaps with unofficial price reductions, the listed inventory of homes for sale in San Francisco is starting 2016 at a meager 181. It’s a number which is historically low but 10 percent higher than at the beginning of 2015. And it’s a number which is poised to soon rise.

At a more granular level, the number of listed single-family homes on the market (59) is currently 12 percent lower than at the same time last year while the number of listed condos (122), which doesn’t include the vast majority of new construction units, is now running 24 percent higher.

With history as our guide, expect the pace of new listings and overall inventory levels for homes in San Francisco to climb through June or July before retreating for the annual summer slowdown.

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