The sales volume for condos listed for sale in San Francisco was down over 20 percent on a year-over-year basis last month, according to MLS data. At the same time, the number of condos listed for sale in the city is currently higher on a year-over-basis, albeit up by a nominal 1 percent.
The sale volume for listed single-family homes in San Francisco is running around 5 percent lower on a year-over-year basis while listings are down closer to 15 percent.
Not reflected in the numbers, the sale of any new construction condo which wasn’t listed on the MLS nor any “off-market” sales. Those sales will be counted, however, in the recorded sales report for May which should be out this week.