In this report, home prices will be reviewed from a variety of angles to provide greater context. On the supply and demand side, it appears that after the big drop in demand in early-mid summer, conditions have mostly stabilized: Generally speaking, sales numbers are no longer appreciably dropping, though overbidding
Read → October 11, 2022Virtually across the Bay Area, Q3 median sales prices retreated dramatically from their spring peaks, and SF was hit harder than most area markets. Part of this was due to seasonal trends – median sales prices often peak for the calendar year in Q2, then drop in summer – but
Read → October 10, 2022Across the Bay Area, year-over-year, home-price appreciation rates and overbidding statistics have generally continued to drop, and days-on-market to climb.
Read → September 08, 2022In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of issues: Price reductions, less competition, the drop in interest rates, and the dramatic recovery in
Read → September 07, 2022Changes vary in degree by location and market segment, but the direction of the shifts is near universal. This report will review year-over-year changes in prices, and in supply and demand, reflecting the significant adjustments from the heated (often overheated) conditions recently the norm, but also look at longer-term trends
Read → August 11, 2022Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic changes in demand, inventory, overbidding, price reductions, and year-over-year appreciation rates have usually occurred. The post San Francisco Home Prices, Market Conditions and Trends August 2022 first appeared on Paragon Specific.
Read → August 10, 2022Eventually statistics based n closed sales – prices, appreciation rates, overbidding, days on market – slowly start to adjust. Generally speaking, closed sales are lagging indicators of what occurred in the economy and market weeks and months earlier.
Read → July 12, 2022Leaning into market headwinds, year-over-year appreciation rate falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate markets are speeding up. The post San Francisco Home Prices, Market Conditions & Trends
Read → July 11, 2022When an overheated market cools, the change is typically gradual (absent a disaster event), and does not mean the market is weak by any normal standard. As an analogy, if traffic is going 120 miles per hour and drops to 80, it feels a lot slower, but cannot reasonably
Read → June 08, 2022Sales are declining, and the numbers of active listing and price reductions are increasing. But the homes that are selling are still, on average, selling for well over asking: Median sales prices and year-over-year appreciation rates remain high. The post San Francisco Home Prices, Market Conditions & Trends
Read → June 07, 2022
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