Price Per Square Foot for Pending Sales in S.F. Ticks Down, Not Up

With the net number of single-family homes and condos on the market in San Francisco continuing to tick up, along with the percentage of listings that have been reduced at least once, the average asking price per square foot of the homes which are in contract has inched back down to around $900 per square foot and is now running around 3 percent lower, not higher, than at the same time last year and over 10 percent below peak despite a typical mix-driven, seasonal bump and moderation in mortgage rates.