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September San Francisco Housing Market Lowdown
The Local Lowdown The San Francisco housing market remains one of the strongest in the country despite some price declines over the summer months. Sales rose in August as new listings declined, dropping inventory further from the May peak. Months of Supply Inventory fell, indicating that the single-family home market still favors sellers, while the […]
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The Big Story: Housing market recession? Depends on who you ask.
Quick Take: Home prices fell for the first time this year, declining 2.4% month-over-month, according to the National Association of Realtors. The number of home sales continued to slow for the sixth month in a row, helping inventory climb higher. The housing market is trending more meaningfully toward balance, although we are still in a […]
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Local Lowdown: Is the market balancing? Tentatively, maybe!
The median single-family home and condo prices in San Francisco continued to decline from their peaks reached earlier this year. These movements are within the bounds of normal price variability, but after large price gains, it feels like any downward movement signals a market correction. These larger median price moves are partially a sampling issue […]
