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MarketWatch - Oggi Kashi

San Francisco and Marin County Market News, Data, Trends & Events

By Oggi Kashi | Agent in San Francisco, CA

San Francisco Real Estate Market Snapshot - May 2013

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 see if the current heights reached in home prices are the new baseline, a springtime blip, or a way station to even higher home values. 




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Oggi Kashi

Broker Associate  - DRE 1844627  

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PARAGON  REAL  ESTATE  GROUP    |    1160   BATTERY  ST    |    SAN  FRANCISCO  CA  94111

    
   
 


All data from sources deemed reliable but subject to errors and omissions, and not warranted.
© Oggi Kashi, Paragon Real Estate Group 2013.  All rights reserved.


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