July San Francisco Real Estate Market Update for June 2007
The current monthly report may be seen at SFResidence.com.The number of Single Family Homes sold for June was relatively unchaged from May in San Francisco Real Estate. The average listing and selling prices were a bit lower than the previous month, higher than a year ago. The average selling price was over 103% of the average listing price, slightly less than a month ago. The average days on the market decreased slightly to 35.
The number of Condominiums sold in June decreased from May in the San Francisco Real Estate Market, however, the average selling price was over 103% of the average listing price. The best news was that the average listing and selling price were both higher than last month. The selling price was slightly lower than a year ago. The average days on the market increased to 45.
The number of homes sold in the Overall Sales category for June in San Francisco Real Estate remained relatively unchaged from May as well as a year ago. The average selling price was almost 103% of the average listing price, and almost unchanged from last month but much lower than a year ago. The average days on the market remained unchanged at 42.
Spring was a great market. Summer is starting off slower than we thought, mostly due to lack of inventory. If you are thinking about selling, this is a great time!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
See the June 2007 statistics here.
- Janis Stone
posted by SFResidence.com @ 9:26 AM
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