With around 800 homes in contract across San Francisco, sales activity is not only up over 200 percent on a year-over-year basis, but around 60 percent higher than at the end of April in 2019, prior to the pandemic having hit.

That being said, net contract activity actually slipped around 4 percent over the past week, representing the first week-over-week decline since early January.

And while inventory levels slipped 2 percent as well, with the number of new contracts written having outpaced the number of new listings, there are still 60 percent more homes on the market than there were at the same time last year, 40 percent more than at the end of April in 2019, and the most, for this time of the year, in a decade.

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