Median days on market (DOM) for condos in San Francisco, up 15% from the previous month. Market slowing down a bit.
Almost half of SF transactions above $3M were completed all cash. The percentage for all homes is much lower, at 21.4%. In Berkeley, 26.4% of sales were without financing. Oakland 17.3%.
El Cerrito leads the pack with % of homes currently in contract. For context, SF is 30% in escrow and Berkeley is 47%.
That’s right. My last three clients have gotten into contract with just ONE OFFER. If your friends are writing a ton of offers and not having any luck, maybe they’re working with the wrong agent 🤷♂️
For more detailed monthly analysis, please visit my website News page
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