SAN FRANCISCO REAL ESTATE LATEST TREND

It's now a buyers' market for higher end homes and condos. Here's Misha Weidman's analysis.

 

 

 

Misha Weidmanreal estate blogger, broker, and a regular contributor to LostinSF gathered some figures and charts to support his overview and analysis of the San Francisco real estate market. Here is the latest trend explained.

 

 

''Months' Supply of Inventory'', or MSI, shows the theoretical number of months needed to “absorb” available homes for sale in a given month based on the number of homes going into contract in a given month. The shorter the time period, the stronger the market for sellers, leading to upward pricing pressure.  Longer time periods indicate slower absorption and a buyers' market.

 

 

The chart below illustrates the dramatic difference in MSI for homes up to the median price ($1.3 million for houses, $1.1 million for condos) and in the next price segment higher, versus the luxury home segment, defined here as houses selling for $2,000,000+ and condos for $1,500,000+. (By this definition, luxury sales currently make up about 20% of San Francisco’s home sales.)

 

Continue reading on RealDataSF.com

 

 

 

Thanks a lot Misha for this detailed analysis.

To read more about the real estate market events, development, evolution, trends... visit RealDataSF.com

 

 

 

 

 

 

 

 

 

 

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