Having started picked up steam in late March, the pace of home sales in San Francisco was running 8 percent higher on a year-over-year basis by the middle of April, as we first reported at the time.

While the number of homes in contract is still running around 4 percent higher than at the same time last year, the pace of sales has actually slipped around 5 percent over the past two weeks.

And with the slip in contract activity, inventory levels in San Francisco have inched up.

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