The San Francisco housing market has bounced back after its post-pandemic stumble, reporting a bigger jump in pending home sales than any other major U.S. metropolitan area last month, according to Redfin.

Sales in the City By the Bay increased 17.1 percent year-over-year in September and homes were selling nearly twice as fast than the typical U.S. home, going under contract after roughly 21 days—a low number indicating a competitive market for buyers and sellers.

It is a major shift from the years that followed the end of the pandemic home-buying frenzy, when the San Francisco housing market experienced a slump in prices and demand as many residents moved out of the city to seek cheaper properties in more affordable, smaller towns and downtown stores shut down due to rising crime.

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