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August 2008 San Francisco Home Sales Data is Here!

The latest market report is here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen).

Here’s a little glimpse of the report:

Sales of single-family, re-sale homes fell 10.1% last month compared to July, and were off, year-over-year, by 2%. Year-to-date, home sales are down 7%.

Loft/condo sales were down 24.1% from July, and were off 25.3% compared to August 2007. Year-to-date, loft/condo sales are off 22.8%.

The median price for single-family, re-sale homes fell 0.5% from July, and it was down 8.6% year-over-year. The average price was off 2.3%, and it was down 2.2% compared to last August.

The median price for loft/condos in San Francisco dropped 6.7% from July, but was flat year-over-year. The average price for condos fell 6.3% from July.  The average price was down 1.4% year-over-year.

Read on for full details.