Having jumped 10 percent late last month, the net number of homes on the market in San Francisco, including condos, has ticked back down but remains around 10 percent lower than at the same time last year having been down closer to 15 percent on a year-over-year basis in June and July and with 5 percent more single-family homes on the market than there were at the same time last year and prior to a holiday weekend, after which listing activity typically picks/ticks back up.
As such, listed inventory levels in San Francisco are only 30 percent higher than average for this time of the year, 90 percent higher than prior to the pandemic, and 125 percent higher than in 2015, despite misreports of “record low inventory levels” and subsequent misanalyses of the market.