Are We Entering a Buyer’s Market?

For the past two quarters sellers have had their pick of buyers due to inventory shortages and homes in high demand. Things seemed to have changed at the end of the third quarter and it looks like we might be entering a buyer's market. Home sales in San Francisco usually rise in August, but this year it’s running 16.8 percent lower than previous years. At the same time, inventory for single-family homes and condos combined is relatively higher compared to earlier this year, 2015. Inventory for condos, new-construction and resale, is on the rise as expected. There are 15% more condos … [Read more...]