The San Francisco Real Estate Market as of August 10 2008

The median single family home price as of August 10 2008 for San Francisco is $849,962.

But the demand for housing is significantly below 30. Above 30 would indicate a buyers market.

And inventory is building

DOM is a good indication of a healthy market. The number of days on market will vary for different price levels.

I was just looking at the San Francisco MLS and days on market for 4-8 million dollar homes looked like 45-55 days. A friend with Caldwell Banker tells me that the market that is the flattest is the middle market. Those not affected by economic cycles are buying with ease.

Thanks for Reading
Howard Bell
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