Price Reductions for Homes in San Francisco Hit a Four-Year High

In a trend we first noticed forming a year ago, the share of active listings for single-family homes and condos in San Francisco for which the original list price has been reduced at least once has ticked up to 20 percent versus 15 percent at the same time last year.

And with the number of homes listed for sale in the San Francisco now running 72 percent higher on a year-over-year basis, and over 100 percent higher for condos, the number of reduced listings (165) is running 140 percent higher in the absolute and just hit a four-year high.