by Calculated Risk on 8/03/2005 12:59:00 PM

Realty Times reports: San Francisco, California Real Estate Cools Slightly:

"Wow. Inventory is rising and sitting!," says Realtor James Kastner. "I saw several properties on broker's tour that have been on the market a few weeks -- even a few price reductions. Inventory tends to surge after a holiday weekend -- and drop before. Remember that we have Labor Day coming."

So the increase might just be seasonal. And this from Realtor Jeffrey Tong:

"Prices are still increasing, however there are no longer 20 offers on each house -- more like two. Although I don't believe the amount of buyer interest has waned, it appears many are just pausing to see what happens to the market."

Occasionally I like to check in on the Downtown San Diego condo market (see graphic). The trend of increasing inventories appears to be continuing.