Market News

San Francisco Home Prices, Market Conditions & Trends October 2022

Virtually across the Bay Area, Q3 median sales prices retreated dramatically from their spring peaks, and SF was hit harder than most area markets. Part of this was due to seasonal trends – median sales prices often peak for the calendar year in Q2, then drop in summer – but part of the decline was clearly due to changing market conditions prompted by shifts in interest rates, inflation, stock markets, and consumer confidence.

 


October 10, 2022 / by / in , ,
San Francisco Home Prices, Market Conditions & Trends September 2022

In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of issues: Price reductions, less competition, the drop in interest rates, and the dramatic recovery in stock markets. And a small rebound in SF sales did show up in August data – sales usually tick down in August from July – though volume was still well below last year.


September 7, 2022 / by / in , ,
San Francisco Home Prices, Market Conditions & Trends July 2022

Leaning into market headwinds, year-over-year appreciation rate falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate markets are speeding up.

 

 

The post San Francisco Home Prices, Market Conditions & Trends July 2022 first appeared on Paragon Specific.

July 11, 2022 / by / in , ,
San Francisco Home Prices, Market Conditions & Trends May 2022

In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/April jumps, buyers highly motivated to buy before their interest rate locks expired, adding short-term pressure to demand.

 

The post San Francisco Home Prices, Market Conditions & Trends May 2022 first appeared on Paragon Specific.

May 9, 2022 / by / in , ,
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