San Francisco’s Housing Market Heads Towards Winter
Real estate aggregator Redfin has declared that “the housing market frenzy of 2013 has officially come to a close” nationwide, with sales tapering off for the fall and winter. Although Indian Summer is still in full force in San Francisco, The city’s housing market free-for-all is on the same seasonal track, with a decline in sales since August.
Redfin reports that of the 5,307 homes for sale in the San Francisco metro area in September, 3,367 of them sold, for a 15.8% month-over-month drop. These figures show a large increase in sales and a decrease in inventory — as if we needed any more proof that The City’s housing market has been on fire for the last year.