The number of homes on the market in San Francisco, net of all new pending and closed sales, ticked up another 13 percent over the past week to 660.

As such, while listed inventory levels are still around 30 percent lower than they were in January of last year, they’re still 25 percent higher than they were prior to the pandemic and 80 percent higher than they were in January of 2015, with a 40 percent jump over the past three weeks which is in-line with typical seasonality.

Expect inventory levels to jump over the next two months as new listing activity picks up and properties that failed to sell in 2021 and were quietly withdrawn from the MLS are re-listed as “new” in the spring. We’ll keep you posted and plugged-in.

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