With the April bump in activity, home sales in San Francisco are only down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010.

At the same time, while the April bump started to form in March, the pace of sales had already started to slow by early May. And pending home sales activity in San Francisco is now back to running 4 percent lower than at the same time last year.

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