Having hit an 8-year high in the absolute last week, the number of homes on the market in San Francisco has ticked up another 3 percent to 1,010 and remains 6 percent higher than at the same time last year.

That being said, the year-over-year gain remains driven by listings for condos (700), which are up 17 percent, not including the vast majority of new construction condos for sale across the city, versus listings for single-family homes (310), which are currently down 13 percent, year-over-year.

Expect inventory levels to continue to tick up over the next few weeks and then decline through the end of the year, while the share of listings with a price cut, which currently measures 15 percent, starts ticking up, especially if the downward trend in home sales holds.

Comments from “Plugged-In” Readers

  1. Posted by sparky-b

    “And no, the market has not become “decoupled.””

    • Posted by SocketSite

      That’s correct! Just as the market wasn’t “decoupled” at the same time last year, when the inventory of single-family homes was up nearly 40 percent on a year-over-year basis versus flat for condos.

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