At a time of the year when the inventory of single-family homes and condos on the market in San Francisco is typically on the decline, the number of homes currently listed for sale in the city ticked up a couple points over the past week to 675, which is 66 percent more inventory than at the same time last year, not including the vast majority of new construction condos available for sale across the city (the number of which has been hovering around 1,100 or 40 percent higher year-over-year).

And in fact, the number of single-family homes listed for sale in the city (272) is now 46 percent higher versus the same time last year, the greatest year-over-year gain in single-family home inventory since January of 2011 while the percentage of properties for which the asking price has been reduced at least once is holding at 21 percent versus 13 percent at the same time last year.

At the same time, recorded sales in Francisco, which include both listed and unlisted transactions, are down 2.2 percent for the year but were up 1.7 percent on a year-over-year basis last month.

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