This week our San Francisco Real Estate podcast turns to the rearview mirror for a September 2018 market update.
[11:06] It is no secret that in the previous few years it has been a rough market for buyers. Currently, the prices aren’t falling, but things are taking longer. We share why buyers shouldn’t get scared off by this and why it might actually be a good time for them.
[13:37] So, let’s look at some stats. Regarding quantity (year-to-date) re-sales are up, pending sales are up overall, sold listings are up overall and active listings are up.
[16:06] Price year-to-date figures show that the sales price for the overall market is up 8% (single families up 17% and condos up 6%). Properties sold over the listing price are also up 4%; so far 81% of single family homes and 61% of condos sold over listing price this year! We also discuss list price received and price per square foot.
[19:30] Finally, we wrap up today by looking at metrics about time on market and months supply of inventory. Are we currently in a balanced market? We look forward to hearing your thoughts in the comments or via social!
Thank you for joining us. We hope you enjoyed tuning in and join us again next week for another episode!