New Listing Market Watch - what now?

This is our first report since the mandatory shelter-in-place order issued by the City/County of San Francisco.

Not surprisingly, the number of new listings was down 16% compared to the same two week period last year, and down 31% compared to the previous two week period ending March 9.

The number of price reductions is up compared to the same period a year ago, mostly focused on condos (31 vs 18 a year ago for condos; 11 vs 9 for single family homes).

Not captured on these graphs but equally important is the number of listings with statuses changed from Active to Hold.  Many other listings have been cancelled.