Big picture, little picture

Following up on my statistics from District 5 (see last post), I’d like to share some Bay Area numbers from DataQuick. The Chronicle has an article today that says that Bay Area sales fell 31 percent in July while prices rose 3.5%. For a comparison of the micro-market of D5 to the nine-county Bay Area, take a look at the full article. The gist of this one is that we’re in for a softening market. That’s not necessarily a bad thing! It makes for a more balanced market, making it more of a level playing field between buyers and sellers. After the super-heated market of the last couple of years, buyers should be excited about the change.