Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco has continued to climb and now totals 1,140, representing 60 percent more inventory than at the same time last year and 110 percent more inventory than in 2015 as listing activity across the city continues to outpace sales.
At a more granular level, the number of single-family homes currently listed for sale in San Francisco (340) is now running 40 percent higher than at the same time last year while the number of condos (800), which tends to be a leading indicator for the market as a whole, is currently up by over 70 percent.
The marked jump in inventory levels shouldn’t catch any plugged-in readers by surprise. And once again, keep in mind that inventory levels typically decline from June through August and then peak in October.
Article source: https://socketsite.com/archives/2020/06/number-of-homes-on-the-market-in-s-f-continues-to-climb.html