Having hit a 13-year seasonal high last week, the number of single-family homes and condos on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, despite the fact that inventory levels typically dribble down at the end of March before ticking back up in April.
As such, there are nearly 50 percent more homes on the market in San Francisco than average for this time of the year, over 50 percent more homes on the market than there were prior to the pandemic, and nearly 150 percent more homes on the market than there were in March of 2015, despite continued misreports of “low inventory” levels holding back sales.