“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken | Wolf Street

Weeks’ supply of homes for sale has more than doubled, from 9.3 weeks last year at this time to 21.2 weeks as of August 16, at the current rate of sales. The spike of supply through early May was a result of sales having collapsed in March and April (chart via Redfin):

“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken | Wolf Street