Having increased by a hundred over the past week, the number of single-family homes and condos currently listed for sale in San Francisco now totals 401, which is 30 percent higher versus the same time last year and the highest mid-January total since 2013.
At a more granular level, the number of single-family homes currently listed for sale in the city (145) is now running 32 percent higher versus the same time last year while the number of listed condominiums (255) is 28 percent higher, goosed by teaser listings for new construction units on the market, the vast majority of which are not included in the aforementioned counts and the inventory of which currently totals 1,000 (which is 76 percent higher versus the same time last year).
In terms of pricing and expectations, 20 percent of the active listings in San Francisco have undergone at least one price reduction versus 11 percent at the same time last year. And of all the homes currently listed for sale in San Francisco, 41 percent are currently listed for under a million dollars versus 47 percent at the same time last year.
Expect listed inventory levels in San Francisco to continue to climb through June or July.