In the past 3 months it certainly seems like the market has hit it's low and is slowly creeping up. I work with a lot of buyers in San Francisco in all areas and I found it very interesting that the Sunset has been really, really hot. Multiple offers everywhere my buyers and I went. I think it has to do with the price range. Buyers looking for a single family home in SF under $750,000 - $800,000; the Sunset, Westwood Park, Sunnyside and Mid-Town Terrace seem to be the places to look. I also think that it is quite surprising how little new inventory we have across the board. I think buyers and agent and buyers alike were expecting more to choose from. Maybe the Spring?