"In October, home prices rose moderately from the month before, with a median listing price of $1,195,000. The number of listings on the market shrank 8.2% from last month, which is a bigger decrease than normal for this time of the year in San Francisco, and homes are also selling slower than at the same time last year."
"Typically, home price per square foot in San Francisco tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.5% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Golden City are smaller the national market."
"In October, there were 886 homes for sale in San Francisco, which was 8.2% less than the month before and 30.0% less than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. Homes in San Francisco take an average of 61 days to sell, according to October figures. This is one day more than the previous month and 16 days more than the same month last year. For comparison, nationally homes spent an average of 63 days on the market in October."
Home prices in San Francisco rose moderately month-over-month, reaching a median listing price of $1,195,000 in October. Price per square foot in San Francisco decreased 0.5% compared with the prior month, a smaller decline than the national decrease of 0.8%. Inventory in San Francisco fell to 886 active listings, down 8.2% from the previous month and 30.0% year-over-year, while national active inventory remained essentially unchanged at about 1,100,001. Homes in San Francisco averaged 61 days on market in October, one day longer than September and 16 days longer than the same month last year; the national average was 63 days.
Read at SFGATE
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