Welcome back to the â€œOver, Under, Atâ€ weekly feature. Itâ€™s a simple breakdown taken from MLS data that shows the number of closed sales that sold Over Asking Price, Under Asking Price or At Asking Price.
*Just a reminder that new construction sales are rarely included in this list since they donâ€™t get posted on the MLS.
As predicted last week – sales are slooooooow. Not too much stuff is closing, but as I mentioned before, these are sales that went into contract during the slow season, so this shouldn’t be a surprise and doesn’t indicate anything about the way the market will move in the upcoming months. In fact, with interest rates falling, the next few months should bring us more closed sales as buyers are able to make more reasonable mortgage payments. If you have questions about the state of the market, or are interested in seeing if now is a good time to buy or sell your home, please contact me, I’m always happy to help in any way that I can.
Here’s a quick breakdown of closed San Francisco home sales for the week from January 5 – 11, 2008:
Single Family Homes –
12 Homes Sold
8 Homes Sold
9 Homes Sold