Driven by listings for single-family homes, the net number of homes on the market in San Francisco, including condos, jumped over 10 percent over the past week, with the first significant increase in new listing activity since the end of last year, bucking a typical seasonal decline.

As such, while the net number of homes on the market in San Francisco is 9 percent lower than at the same time last year, inventory levels are 50 percent higher than average for this time of the year, twice as high as prior to the pandemic, and nearly 160 percent higher than in 2015, despite misreports of “record low inventory levels,” with the asking price per square foot of the homes which are in contract down over 10 percent from last year’s peak and pending sales down over 20 percent, year-over-year.

2 thoughts on “Number of Homes on the Market in San Francisco Jumps”
  1. This is in large part due to the fact that the local MLS’s main service provider, Rapattoni, fell victim to a ransomware attack about 2 weeks ago and SF agents were unable to add/update/remove listings until this past week when a half-baked workaround was established. So now there is a surge. And, by the way, the MLS is still down.

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