October 2016 San Francisco Metro Housing Update

There are currently 1015 active homes for sale here in the San Francisco (as of October 1st) vs 678 the month before – 48% more inventory than month before…
In the month of September there were a total of 390 home sales vs 459 the month before.
The average sales price for September was $1,394,858 (in August was $1,488,804).
So the average Sales Price in San Francisco is approx 6% LOWER than the month before.
Average days on market in San Francisco was 40 for the month of September (43 days for the month of August).
Inventory as of today – October, 1st 1015 properties for sale in San Francisco.
Single-Family Homes 325
Condo/Coop/TIC/Loft 534
2-4 Units 114
5+ units 42
total – 1015.

The market has remained steady for some time now and continues to be a “Sellers” market…
There is currently only 2.6 months worth of inventory, meaning if there was not another home listed, it would take 2.6 months for all the current homes on the market to sell…
6 months of inventory is when it becomes a buyers market….
If you are thinking of selling anytime in the near future, now is the time to do so, as if this trend continues you will lose equity….
the good news for Home Sellers is there is a lot of demand for homes and now is a great time to sell if you are looking to get top dollar…
For Buyers, yes there are less homes available to sell, however interest rates are as low as we have ever seen so you are able to get more house for your money currently than you have been able to in the past and probably than we will be able to in the future…
I will continue to keep you updated and if you need anything please feel free to call or text me at 415-385-8949 or email me at …. anytime

Sold in San Francisco
Sold in September 2016 390
Sold in August 2016 459
Sold in July 2016 454
Sold in June 2016 513
Sold in May 2016 491
Sold in April 2016 455
Sold in March 2016 418
Sold in February 2016 283
Sold in January 2016 288

Leave a Reply

Your email address will not be published. Required fields are marked *