Heading into the Labor Day weekend we're seeing signs of the usual increase in inventory typical in early September.
As you can see from this overly busy graphic, the number of active listings increases in September, October and early November every year regardless of recession or pandemic. (These numbers are calculated in the first week of each month. When Labor day falls in the latter part of the first week of September the increase in listings doesn't show up until the early October figure).
The other indication is the increase in "Coming Soon" listings in the MLS. In San Francisco the number of "coming soon" listings has increased from 170 to 196 in just seven days. Most of the "coming soon" listings are condos -- 136 compared to 120 a week ago. "Coming soon" single family home listings increased to 60 compared to 50 a week ago.
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