CFAH

With the pace of home sales in San Francisco having been down around 15 percent on a year-over-year basis over the past month while listing activity is up, the net number of homes on the market in San Francisco climbed another 6 percent over the past week to 1,250, which is an even higher 11-year seasonal high.

As such, there are now over 30 percent more homes on the market in San Francisco than there were at this time last year, over twice as many as there were prior to the pandemic, and nearly three times as many homes on the market in the city than there were in May of 2015.  And in fact, there are now 80 percent more homes on the market than average over the past 11 years.

At the same time, the percentage of active listings that have been reduced at least once held at 27 percent over the past week, which is 5 percentage points higher than at the same time last year and versus 15 percent of the homes on the market prior to the pandemic in May of 2019.

And once again, keep in mind that springtime inventory levels in San Francisco typically don’t peak until June. We’ll keep you posted and plugged-in.

Comments from Plugged-In Readers

  1. Posted by Brahma (incensed renter)

    One of the San Francisco homes that recently came to market was the so-called Pink Painted Lady at 714 Steiner Street. Asking $3,550,000; same amount it sold for in January 2020, albeit with some plans approved by the city.

    While the owner turned out to be pretty good at operating Twitter and Instagram accounts, turns out she didn’t have the stomach for the substantial time and cost involved in actually renovating such a culturally important house. Here’s hoping it gets purchased by someone who will avoid “white boxing” it.

    • Posted by ex_sf

      What a perfect allegory for San Francisco that house is.

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