It can be misleading from media reports to tell what is happening in the S.F. Ba…

It can be misleading from media reports to tell what is happening in the S.F. Bay Area real estate market.⠀
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That being said, we are seeing some subtle shifts in the market such as price adjustments & certain price points ($2,000,000+) lingering on the market. Inventory levels remain low for both counties.⠀
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A balanced market is considered to be 5-6 months of inventory; less then that is a seller’s market. ⠀
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San Mateo County (SMC) has 1.6 months of inventory up 31% from 2017 which was 1.2 months of inventory. The median price has increased by 18% from 2017.⠀
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San Francisco has 2.7 months of inventory. Median price was up 6%.⠀
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Full Market Update is now up on the blog! Link in bio.⠀
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