Number of Homes for Sale in San Francisco Climbs

With the tempo of residence gross sales in San Francisco having been down round 15 p.c on a year-over-year foundation over the previous month whereas itemizing exercise is up, the online variety of houses available on the market in San Francisco climbed one other 6 p.c over the previous week to 1,250, which is a good greater 11-year seasonal excessive.

As such, there at the moment are over 30 p.c extra houses available on the market in San Francisco than there have been right now final yr, over twice as many as there have been previous to the pandemic, and almost thrice as many houses available on the market within the metropolis than there have been in Could of 2015.  And actually, there at the moment are 80 p.c extra houses available on the market than common over the previous 11 years.

On the identical time, the share of lively listings which have been diminished at the very least as soon as held at 27 p.c over the previous week, which is 5 share factors greater than on the identical time final yr and versus 15 p.c of the houses available on the market previous to the pandemic in Could of 2019.

And as soon as once more, remember the fact that springtime stock ranges in San Francisco sometimes don’t peak till June. We’ll preserve you posted and plugged-in.