As expected, available listings dipped in October since September is traditionally the peak of the Fall market when it comes to inventory. It is worth noting that this October has seen the lowest levels of inventory in the past 5 years. In more positive news, average sales prices have experienced an overall bounce back from the lulls of Summer. In general, prices are now at levels 10% under the peaks we saw in April. Market stabilization benefits everyone, so I am pleased to see this for my clients. Properties are selling faster, especially condos and this may be one of the first months since Covid that we are seeing pre-pandemic levels of condo inventory during the busy season. Other signs of market stabilization: properties are selling at an average of just 2% over asking in San Francisco and we are at up to 3 months of inventory which is typical for the area (although on the high side). Lastly, we’ve now had 3-4 months of relatively stable prices per sqft, a further indication of a stabilizing market.