While the number of homes on the market in San Francisco remains up over 30 percent on a year-over-year basis, as has been the case since early May, the number of single-family homes and condos in contract across San Francisco is still down over 30 percent and over 30 percent lower than in 2020 as well. In fact, pending sales activity in San Francisco is back to 2018 levels and dropping, with the price per square foot of the homes which are in contract having dropped 6 percent since May and over 30 percent of the homes which are still on the market having been reduced at least once.
If sales are down then demand is down, right SS?
While we realize you’re trying to be cute/snarky, that’s actually correct and an important trend. And supply, in the form of inventory, is up.
I’m back! And I’ve got tons of cash (unlike last time) and I am ready for blood in the streets. Burn, baby burn!! 2008 here we come again.
Me too. Let’s bid against each other and jack up price!