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New Listings & Price Reductions

The number of active listings on the market on a given day in September was somewhat higher than last year, but a bit lower than in September 2016.
What will tell us most about where the market is heading is how buyers respond to these new listings and price reductions, and that information won’t be available until autumn’s listings have time to accept offers, and accepted offers have time to close escrow – in quantity – to give us their data. October is usually a very big month for sales in San Francisco as buyers jump on the surge of listings.