With its December average home sales price of $1.5 million, San Francisco County appears on the surface to be an unaffordable market with minimal for-sale inventory priced below $500,000. However, a recent market report from Intero Real Estate Services provides data that refutes this claim.
- Homes priced below $500,000 in San Francisco County are on market for an average of 36 days.
- Home priced between $500,000 and $1 million account for more than 40 percent of the East Bay and Peninsula's inventories.
- Buying will continue to represent a cheaper option then renting for those that can qualify.
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Inman Connect New York | January 29 - February 1, 2019