With the number of homes which were newly listed for sale in San Francisco over the past two weeks roughly matching the number of new purchase contracts that were written, the active inventory of homes on the market inched up a (1) percent to 620, which is still 12 percent higher than at the same time last year.

At the same time, the percentage of homes actively listed for sale in the city for which the asking price has been reduced at least once is holding around 15 percent, which is 2 percentage points higher on a year-over-year basis.

And the number of homes in contract to be sold is now running 8 percent lower versus the same time last year while the average list price per square foot of those homes in contract, which is currently running around $945, is roughly even, year-over-year.

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