The net number of condos and single-family homes listed for sale in San Francisco ticked up 10 percent over the past week and is currently running 20 percent higher than at the same time last year and 60 percent higher than average over the past decade.

At the same time, pending home sales in San Francisco are down over 40 percent on a year-over-year basis and have dropped to their lowest level in over six years, as projected, with the average list price per square foot of the homes which are in contract, which has dropped under $900 per square foot, currently down 10 percent on a year-over-year basis and 15 percent lower than last year’s peak.

Comments from Plugged-In Readers

  1. Posted by Taxes for everyone!

    Just wait until property taxes go way up and a new city income tax is enacted to pay for reparations.

    • Posted by Notcom

      Link? You’ll note the amount of coverage this has – or really hasn’t – received in other media; which can either be interpreted as a vast conspiracy….or the Post being the Post.

    • Posted by Ohlone Californio

      Not happening. “The Board of Supervisors created the committee, also called AARAC, in December 2020, amid a national racial reckoning. The board’s legislation, while innovative, was also narrow, allowing city leaders to reject or outright ignore the committee’s work.”

    • Posted by Backtotheburbs

      Reparations need not be involved, budget deficits suffice for new tax requirements …

      • Posted by Ohlone Californio

        That’s in the cards for sure. And we pretty much voted to tax ourselves on every measure this past fall as well. The pensions black hole is going to come progressively due in 2024-2025 for sure. Never mind nearly every SF city and county department sucks at the job, and the quality of life has gone down. Naaah. Give them all pensions, pensions, pensions. Ironically there will probably be layoffs to pay for pensions. (see name link)

  2. Posted by Fred Mack

    Here comes the barber, how short would you like that, 35% off 2021?

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