Having dropped 2.3 percent in September, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 7.5 percent in October to 125.2.

On a year-over-year basis, however, the index was down 1.4 percent, closed sales were down 5.8 percent and mortgage application volumes are down as well.

And having dropped around 9 percent over the past month with seasonality in play, pending sales activity in San Francisco proper is currently even on a year-over-year basis but poised to slip.

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