As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb, with inventory levels 20 percent higher than at the same time last year, including 50 percent more single-family homes, driven by a pronounced slowdown in sales activity.

Once again, expect inventory levels to continue to tick up over the next few weeks and then jump in mid-February/March, with properties that failed to sell at the end of last year re-listed anew and new listing activity climbing as well, the absorption of which should provide some key insight into the lasting impact of higher rates and fewer people. We’ll keep you posted and plugged-in.

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