While home sales in San Francisco totaled a ten-year low in the first quarter of 2019, the pace of sales turned up at the end of March and April sales will show a year-over-year increase, trends which shouldn’t catch any plugged-in readers by surprise.

That being said, the pace of sales had already started to slip in early May, as we first reported at the time. And after a one month bump, the number of homes in contract in San Francisco is now lower than at the same time last year.

At the same time, with new listings having outpaced sales activity over the past week, the inventory of homes listed for sale in San Francisco has inched up another 2 percent to 660 but remains 2 percent lower versus the same time last year (versus 7 percent lower on a year-over-year basis last week).

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