With new listings in San Francisco having outpaced sales over the past six weeks, the overall inventory of homes for sale in San Francisco is currently running 8 percent higher versus the same time last year, with the number of single-family homes on the market 22 percent higher, 2 percent lower for listed condos.
The number of listed properties for sale in San Francisco has been running an average of 8 percent higher on a year-over-year basis for the past four weeks. And of the 200 or so single-family homes currently on the market, up from 180 last week, half are listed for under a million dollars.
In terms of unlisted inventory in new developments about town, there are roughly 700 units on the market, twice as many as six months ago but roughly half the number at the same time of the year in 2008.
At the same time, recorded sales, which includes both listed and unlisted transactions, were 29.5 percent lower on a year-over-year basis last month, the slowest February in terms of sales since 2009.
credit: socketsite