While there are now twice as many homes on the market in San Francisco than there were at the same time last year, the year-over-year metric is currently being skewed by an exodus of listings last March.

And in fact, the number of single-family homes and condos listed for sale in the city actually ticked down 4 percent over the past week to 900, which might seem like a nominal number but remains a 10-year high on a seasonal basis and represents 140 percent more inventory on the market than there was at this time of the year in 2015.

At the same time, the number of homes in contract across the city inched up under a percent over the past week along with the average list price per square foot of said homes ($960), which is 1 percent lower than at the same time last year and 8 percent below the average list price per square foot of the homes which remain on the market ($1,040), 19 percent of which have been reduced at least once.

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