Just cranked out another San Francisco Real Estate Market report and the data is beginning to show the slowdown. Is this the tip of the iceberg or will it turn? We’ll keep eyes on it for you, all you need to do is keep eyes on us.
Prices tend to stagnate or decline this time of year, which is exactly the case in San Francisco. The median single-family home price rose slightly month-over-month after huge price drops in June and July, and condo prices declined, continuing the downward trend from the April peak. Since their peaks earlier this year, prices have contracted by 23% for single-family homes and 25% for condos.
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