SF Real Estate Market Update – January 2019

Single Family Homes

Number of Homes Sold:  96 (+1.1% YOY)… more homes sold
Median Sales Price:  $1,376,500 (+3.5% YOY)… higher prices
Average Days on Market:  41 (+24.2% YOY)… homes took longer to sell

… In other words: more homes sold at higher prices, but homes took longer to sell, compared to a year prior.

Condominiums
Number of Homes Sold:  92 (-27% YOY)
Median Sales Price:  $989,818 (-5.7% YOY)
Average Days on Market: 54 (+8% YOY)

… In other words:  fewer condos sold, at lower prices, and took longer to sell, compared to a year prior.

 

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Is the Real Estate Market Softening?

There’s been a lot of chatter recently about the state of the real estate market:  Is the market softening? Is the bubble about to burst? Are we seeing the first signs of another recession? Incredibly curious to see some hard facts myself, I dug in… Read on to hear more about my observations… Continue reading “Is the Real Estate Market Softening?”