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).
Unfortunately, things don’t look awesome. I hate to be the bearer of bad news, but this time around, it’s not just sales volume that’s down, but median prices are dipping too. But hell, I’ve never been one to paint a rosy picture of the SF market. My story is and always has been that we’re not doing poorly in comparison to the rest of the country, but, price corrections have occured and the market is not HOT like it once was.ÂMost importantly, this report shows that as always, real estate is local. Some neighborhoods have seen major price drops, some minor drops and even some price increases.Â
The best quote from this months’s report?Â