As has been the case for month after month – and now year after year – low inventory is the primary culprit for any sales malaise rather than lack of offers. There is strong demand for home buying, emphasized by higher prices and multiple offers on homes for sale, none of which is news to San Franciscans. The San Francisco Association of Realtor reports that in June new listings were down 36.0 percent for Condo/TIC/Coop properties, however pending sales increased. The Median Sales Price was up 10.8 percent for single family homes but decreased 2.6 percent to $1,145,000 for Condo/TIC/Coop properties.
Want to know what your home's current market value is? Regardless of whether you are looking to sell or just curious about the market, I would be glad to do a comparative market analysis.