CFAH

With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number of homes for sale in the city jumped over 30 percent to 1,070, as projected, yielding the most for sale inventory since the end of last year with the pace of sales having slipped.

And while inventory levels in San Francisco are still down 35 percent on a year-over-year basis, there are now 15 percent more homes on the market than there were in the week after Labor Day in 2019, prior to the pandemic, and 75 percent more homes on the market than there were at this time of the year in 2015.

Expect inventory levels to continue to climb through October in San Francisco before dropping again in November and through the end of the year as unsold inventory is withdrawn from the market and reductions tick up.

Comments from Plugged-In Readers

  1. Posted by soccermom

    How much is 2021 August-September (or whatever the time period comparison is) increase outperforming the typical increases for the same periods on a percentage basis?

    • Posted by SocketSite

      A little above average but starting from an above-average base and versus a 5 percent increase last year.

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