Outer Richmond Single Family Homes Report June 2017

Outer Richmond image and 1 chart June 2017

A focused look at the Outer Richmond’s single family homes yields a similar summary to the greater San Francisco real estate market: low inventory and higher prices with the median sales price up a third of a percent form last year.

Outer Richmond Market Report June 2017 pg2

 

Current inventory supply is down 50% from this time last year with only a 1 month supply. This low inventory has pushed the number of sales down 13.3%. The market indicates that buyers are still out there and property is selling fast, 23% faster than a year ago. Median percent of list price is 118.4%, not bad at all but down slightly form last year.  Are thinking of selling or buying in the Outer Richmond? Please get in touch or comment below!Outer Richmond Market Report June 2017 pg3

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