Has the spring market begun? In the last two weeks there were 448 new residential listings in San Francisco compared to just 264 for the same period in 2020. Just over 300 were condos/TICs -- double the number in 202. There were 147 new listings of single family homes compared to 108 a year ago -- a 36% increase.
Compared to the prior 2-week period ending 1/25/2021 new listings of single family homes jumped from 98 to 147. Condos fell slightly from 316 to 301 new listings.
There were 23 price reductions of single family homes and 57 price reductions of condos. Both of those numbers are more than double compared to the same period last year (10 and 24 respectively). We haven't seen that many price reductions since just before the Thanksgiving holiday.
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