Measured annually, the San Francisco real estate market has cooled, and it is our opinion this is welcome news.
Welcome because it sets the best stage for the IPO season that is upon us. San Francisco real estate market must handle an influx of wealth without becoming unsustainably overheated.
Welcome because it points to a healthy and sustainable real estate market where buyers and sellers alike should not expect any sort of major correction.
For buyers, it’s prudent to look at purchasing a home before home prices rise. Interest rates are low and a cooler market gives you more bargaining power.
For sellers, the IPOs this season move an otherwise cooling market much more in your favor. It is an exciting time to take a look at selling your home.
As always, if you have any questions about the insights above or need help navigating the local market, please contact us!