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.
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!