The curtain closes and the first half of 2015 is a finished act. Markets across the country continue to improve and further perform at peaks not seen in years. Bad memories from the Great Recession are pushed even further into the past… Here is the latest from the San Francisco Association of Realtors® MarketFocus.
The Median Sales Price was up 10.7% to $1,301,000 for single family homes and 15.2% to $1,100,000 for Condo/TIC/Coop properties.
Months Supply of Inventory decreased 28.6% for single family units and 23.8% for Condo/TIC/Coop units.
Having six months of 2015 data in the books is great, but it is just the halfway point of the year. Forecasting market trends can be as dicey as the weather, but with interest rates managing to remain low into the summer months, the outlook is promising, even if rates go up later in the year. Metrics like inventory and percent of list price received at sale are two of the better metrics to watch this year. Click here to read the full report:
SFAR MarketFocus – June 2015