With listing activity having hit a nine-month high in San Francisco following the holiday weekend, and sales activity in the city having ticked down another 3 percent, the number of homes on the market in San Francisco ticked up 16 percent over the past week to 970, which is 25 percent fewer homes on the market than there were at the same time last year, when inventory levels spiked, but 50 percent more than there were prior to the pandemic and 98 percent more than there were in July of 2015.
Keep in mind that listed inventory levels in San Francisco typically hit a seasonal peak in mid-June before slipping in July, dropping in August and then jumping again in September.
We’ll keep you posted and plugged-in.
Let’s be honest. People are fleeing San Francisco in droves and for good reason.