May 2013 Market Snapshot

The San Francisco Homes Market

May 2013 Snapshot

April's market was basically more of the same of what we've been seeing for the last 12-16 months in San Francisco. Virtually all of our statistics are at historic or near-historic readings: number of homes for sale way down, months supply of inventory way down, percentage of listings accepting offers way up, days on market way down -- all leading to overall house and condo median and average prices climbing to perhaps the highest points they've ever reached. We will add the usual caveat that no one or two months of data should be considered definitive until confirmed over the longer term: though there is no doubt that San Francisco is experiencing a red hot market, prices can fluctuate for various reasons, including seasonality.

We will have to wait and see if the current heights reached in home prices are the new baseline, a springtime blip, or a way station to even higher real estate values.

 

 

These analyses were performed in good faith with data derived from sources deemed reliable, but they may contain errors and are subject to revision. If you have any questions, please don’t hesitate to contact us.
© Paragon Real Estate Group, May 2013

 

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Paragon Real Estate Group (415)738-7000 | (415)565-0500 | www.paragon-re.com
Simone Koga DRE# 01897985 1400 Van Ness Avenue San Francisco, CA 94109 Direct (415) 738-7209 Cell (415) 706-1586 Simone@SimoneKoga.com http://simonekoga.com/