S.F. Real Estate Update

San Francisco is experiencing  an increase of sales prices for median priced single family homes.  The prices rose about 3% between June and July of this year for the 4th consecutive month.  The Median sales price is $785,000. The inventory is lower and there are 644 active listings for sale. And it takes less time, about 46 days, to sell the home.  This is due to the availability of  low interest rate loans consumer confidence and the reduction in prices.

For more information, click on the links below.

http://www.sfrealtors.com/pdf/realtor_advantage/Revised_Press_Release_August.pdf

http://www.sfrealtors.com/pdf/realtor_advantage/Revised_Market_Focus_August2009.pdf