The number of homes for sale in San Francisco ticked up an above-average 25 percent over the past week for a current listed inventory count of around 400 homes, which is 16 percent lower than at the same time last year but 67 percent higher than in early 2015 and the second highest starting point for a new year since early 2013.

Expect inventory levels to jump over the next month or two and then steadily climb through the middle of the year.

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