What is happening with the real estate market in San Francisco as we head into February? Realtors are generally seeing that inventory is still low, especially for single family homes. This has created a strong market for homes with low inventory and high buyer demand. Multiple offers with substantial over asking prices are happening across the city for single family homes that are priced right. The condo market with much more inventory is moving more slowly with condos staying on …
Carol Solfanelli | Compass | DRE License # 01347033 |
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2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Tag: low inventory
The SF market is still strong for sellers yet there are signs of a change with fewer offers on offer dates, some price reductions, and some properties staying on the market longer than before. Nevertheless, it is still a seller’s market in SF with less than 3 months of inventory. What this means is that it would take less than three months to sell all of the inventory currently on the market. If there were 3-6 months of inventory, we …