Speaking of inventory levels, and despite what you might have read elsewhere, while the number of homes on the market in San Francisco has inched down over the past week with normal seasonality in play, there are actually 4 percent more homes on the market right now (710) than there were at the same time last year (680) and 45 percent more than at the same time in 2015 (490).
And yes, that includes listings for single-family homes (245), the number for which is currently running 4.7 percent than at the same time last year (235) and 11.4 percent higher than in 2015 (220).
Hmmm so I wondered how much condo / MFH must be up, well then I did the math…72%, assuming its a simple fallout from the numbers above. Hmmmmm that sounds like a lot, but I dont know what it was in, say 2009, 0r 2011. Its a big % either way.
Year Units %
2018 465
2017 445 4%
2015 270 72%