"The number of listings on the market shrank 14.5% from last month, which is a bigger decrease than normal for this time of the year in San Francisco, and homes are also selling faster than at the same time last year. Home prices in San Francisco Typically, home price per square foot in San Francisco tend to fall in November. And the most recent data shows that the price per square foot decreased by 1.5% compared with the month before."
"In November, there were 758 homes for sale in San Francisco, which was 14.5% less than the month before and 30.6% less than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in San Francisco was 308, which was 36.1% less than the month before and 2.5% less than the same time last year."
Median listing price in San Francisco was $1,150,000 in November, with home prices falling substantially from the month before. Price per square foot in the city decreased 1.5% month-over-month, larger than the national per-square-foot decline of 1.2%. Active listings totaled 758, down 14.5% from October and 30.6% year-over-year. New listings numbered 308, falling 36.1% month-over-month and 2.5% year-over-year. National active inventory fell 2.5% to 1,072,266 and new national listings fell 14.1% to 330,908. Homes in San Francisco averaged 67 days on market, compared with 64 days nationally.
Read at SFGATE
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