Nearly 50 Percent More Homes on the Market in San Francisco

Having jumped to a 9-year seasonal high last week, the number of homes on the market in San Francisco has since ticked up another 5 percent to 870, representing 45 percent more inventory than at the same time last year, driven by a dramatic slowdown in sales activity over the past two months, which has started to rebound, while listing activity has since rebounded.

At a more granular level, the number of single-family homes listed for sale in the city (270) is now running 40 percent higher than at the same time last year while the number of condos (600) is currently 49 percent higher.

And the percentage of listings priced at under a million dollars has ticked up to 27 percent, which is even on a year-over-year basis, representing 44 percent more sub-million dollar listings in the absolute.

Article source: https://socketsite.com/archives/2020/05/inventory-levels-continues-to-tick-up-in-san-francisco.html

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