Number of Homes in Contract in SF Nearly Even YOY, But…

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.

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