While the number of single-family homes and condos on the market in San Francisco (930) is suddenly twice as high as it was at the same time last year, the big year-over-year jump is currently being driven by an exodus of listings last March.

That being said, overall inventory levels are 130 percent higher than they were in either 2014 or 2015 as well (and the highest they’ve been in a decade).

And with the number of homes newly listed for sale having matched the number of new contracts written, inventory levels were unchanged over the past week while the average list price per square foot of the homes which are now in contract having inched down to $980, which is 2 percent lower than at the same time last year and 4 percent below the average list price per square foot of the homes which remain on the market.

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