August 23, 2005
San Francisco Bay Area Sales And Prices Down
According to the California Association of Realtors, the median sales price for existing homes in the San Francisco Bay Area dropped 1.3% from June to July. Perhaps more importantly, sales volume was down 12.1% from June to July of this year, and down 16.3% compared to July 2004 (i.e. accounting for seasonality).
And although we don’t have figures for San Francisco, the C.A.R. “Unsold Inventory Index for existing, single-family detached homes in July 2005 was 3.2 months, compared with 2.4 months (revised) for the same period a year ago.” A 33% increase.
· July 2005 Regional Sales and Price Activity [C.A.R.]
First Published: August 23, 2005 5:13 PM
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