With the pace of home sales in San Francisco having slowed following a seasonally driven uptick and inventory levels ticking up from a 13-year seasonal high, the average asking price per square foot of the homes on the market in San Francisco is now 6 percent lower, not higher, than at the same time last year, having dropped 7 percent over the past two months to around $925 per square foot, which is 16 percent below its pandemic-driven peak and trending down.

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