Despite a marked increase in inventory, which has been up over 30 percent on a year-over-year basis over the past two months, the number of single-family homes and condos in contract across San Francisco dropped another 8 percent over the past two weeks is now down 28 percent on a year-over-year basis versus a 13.6 percent nationally.

And with the drop last week, home sales in San Francisco have been down on a year-over-year basis for 32 straight weeks with an average year-over-year drop of 18 percent since the start of the year.

2 thoughts on “Pending Home Sales in San Francisco Continue to Drop”
  1. The most interesting S.F. home sale pending right now is the infamous seven-bedroom home at 224 Sea Cliff Ave., which according to Zillow is now in contract. The last time it was featured here, commenter Wcsf wrote:

    This house is cursed. Mostly self-inflicted. I’d be worried about socketsite’s future if this house didn’t pop with an update at least every four months.

    Well, that was about 5 months ago now, so I guess that was some effective trolling from the comments section.

    The San Francisco Fire Department’s twitter account posted today about the property, because fire broke out at 4:25 a.m at the home. Was it the curse, or was it set by a particularly devious mind? The cause is under investigation.

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