With purchase activity having started to rebound last month, the number of homes in contract to be sold across San Francisco is now back to within 5 percent of its mark at the same time last year.
That being said, the pace of sales has been down an average of 30 percent on a year-over-year basis over the past three months, a drop in volume which will be difficult to make up when it comes to annual sales, particularly as the hit occurred at the height of the typical spring buying/selling season.
And with the rebound in purchase activity still lagging the pace of new listings, inventory levels continue to tick up across the city.
Article source: https://socketsite.com/archives/2020/06/number-of-homes-in-contract-across-s-f-nearly-even-yoy-but.html