The Real Estate Report October/November – Price Surge in the Making? and Mortgage Rate Outlook

Local Market Trends San Francisco

The Real Estate Report October/November – Price Surge in the Making? and Mortgage Rate Outlook by AMSI’s CEO, CFO and Broker Robb Fleischer

Home Prices Start Year on Down Note

Local Market Trends San Francisco

The median price for single-family, re-sales homes plunged in January, falling to its lowest level since January 2008. The median price dropped 15.1% from December and was off 12.8% year-over-year.

Sales also dropped from December, but that hap- pens every year. Home sales were actually 19.8% higher than the year before. That’s the second month in a row home sales have been higher than the year before.

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