Is San Francisco inventory rising or falling?

This May, the number of homes for sale in the San Francisco area went down. Both overall listings and brand new listings decreased compared to last year. This means there are fewer homes to choose from if you're looking to buy right now. Last year, there were a lot more homes on the market. We saw 16.5% fewer active listings this May compared to a year ago. That's a significant drop in how many homes were available for sale. Also, the number of *new* homes put up for sale was lower. New listings decreased by 8.1% compared to last year. This also contributes to fewer options for buyers. Because there are fewer homes for sale, buyers might find themselves with less negotiating power. Keep in mind that competition for homes could be higher due to the limited selection. So, if you're looking to buy, you might need to act quickly when you find a home you like.