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February 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).
A snapshot of what’s in store for your eyes:

Home sales re-bounded from the record low set in January. The sale of single-family, re-sales homes rose 29.2% from January, a 25.1% decline year-over-year. Sales of condos and lofts rose 42.2% month-over-month, but were down 33.8% compared to last February.

The median price for single-family, re-sale homes dropped 8.3% from Janaury, but, was up 2.1% year-over-year. The average price dropped 2.6%, yet, it gained 15.5% compared to last February.

The median price for condos in San Francisco rose 6.3% to $755,000 from January, up 16.5% year-over-year. The average price for condos dropped 6.2% to $830,129 compared to January. The average price was up 9.8% year-over-year.

In a nutshell – sales are down, but price are up, year over year that is. Check out the full report here