While the pace of home sales in San Francisco has started to rebound, new listing activity continues to outpace the number of new purchase contracts being written.

As such, the number of homes listed for sale across the city, net of new sales, ticked up another 7 percent over the past week to 930, representing 44 percent more homes on the market than at the same time last year and another 9-year seasonal high in terms of inventory levels.

At the same time, the percentage of listings with at least one official price cut – which doesn’t include properties that were withdrawn from the MLS and then re-listed with a lower “original” list price – has ticked up to 19 percent, which is now five (5 ) percentage points higher than at the same time last year.

Comments from Plugged-In Readers

  1. Posted by Anna

    I wonder what the breakout of the 930 homes for sale are SFH versus condo/apartment.

    • Posted by SocketSite

      That was 290 single-family homes (which was 34 percent more than at the same time last year) and 640 condos (up 50 percent YOY).

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