This video is part of the Danielle Lazier + Associates Monthly Market Update Video Series. Each week, we provide a short video with updated information about San Francisco real estate and the neighborhoods you love. Let us know if there is something specific you’d like to hear more about.
Welcome to this month’s Market Update. The number of active listings was down 14% from one year earlier, and down 18% from the previous month. As you can see, the median listing price for the month was just under $1.4 million. Compared to last year, the average number of days that units spent on the market before being sold was down 12%. The median sale price was just under $1.6 million. The number of units sold decreased 14% year over year, and decreased 5% month over month.
The Take Home
This report is based on the Inner Mission Condos market in San Francisco.
Buying a home is a big decision, whether you plan to move in or keep the property as an investment. We at Danielle Lazier + Associates are your resource for the latest trends, stories, and news about the Bay Area real estate market. Check back every week so you can be sure to make a smart, informed decision about your investment or give us a call for expert advice anytime.
