The net number of homes listed for sale in San Francisco has been holding around 620 over the past week, which represents 8 percent more inventory on the market than at the same time last year.

The currently inventory count includes 205 single-family homes (which is 2 percent more than at the same time last year) and 415 listed condos (which is 12 percent more, year-over-year) but doesn’t include around 600 units that have yet to go into contract in new developments around town.

The percentage of homes on the market with a list price of under a million dollars has inched up 3 percentage points to 31 percent over the past week but remains 3 percentage points below its mark at the same time last year.

And of course, a higher percentage of more expensive homes on the market, and respective sales, should push the median sale price up, even if underlying values have actually declined.

Comments from Plugged-In Readers

  1. Posted by Pioneer

    There are at least two 5 mm+ off-market listings on my block right now that I know about. The realtors say they will update the selling price on the MLS after closing.

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