It’s the news buyers have been waiting for: San Francisco’s crazy competitive market appears to be slowing down. According to SocketSite, the inventory of unsold homes on the market in mid-April is at its highest point in four years.
“The inventory of unsold homes listed for sale in San Francisco ticked up to 615 over the past week and is now running 40 percent higher versus the same time last year, the greatest year-over-year increase we’ve recorded since 2010 and the highest mid-April inventory level since 2012,” said the post.
The site broke down the market into single-family homes and condos, finding that the latter had far more inventory. There are 382 condo units on the market, a 53 percent increase over the same time in 2015, and that doesn’t even take into account most of the new-construction units on the market, which don’t necessarily list on the MLS.
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