Sure, home prices in San Francisco are high, it’s a seller’s market with fierce competition among buyers, and single family homes are more in demand than condos. Blah-blah-blah.
If you feel like you’ve read this all before, imagine how I feel. I know I’ve written it all before. And yet, each month I try to shed a little light on some aspects of the San Francisco residential real estate market with which you might not be familiar.
First, the contrarian view, expressed in a mid-April report by SocketSite.com. “Having hit an 11-year seasonal high last week, the net number of homes on the market in San Francisco has since ticked up another 8 percent, driven by a continued slowdown in the pace of sales along with an increase in listing activity and price reductions on the rise.
“In fact, there are now 70 percent more homes on the market than there were at this time of the year prior to the pandemic; over twice as many as there…