CFAH

Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has been reduced at least once has ticked back up two (2) points over the past week to 30 percent, which is ten (10) points or 50 percent higher than at the same time last year.

And with the increase in list price reductions, the average asking price per square foot of the homes on the market in San Francisco is now 3 percent lower than at the same time last year, having dropped 3 percent over the past quarter to a little over $1,000 per square foot and trending down.

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