With July home sales in San Francisco having slipped on a year-over-year basis, sales through the first seven months of 2019 now total a little under 3,200, which is down a little over 7 percent versus 2018 and remains at an 8-year low, despite a significant drop in mortgage rates since the fourth quarter of last year.

In addition, year-to-date home sales in San Francisco remain down around 13 percent since the current cycle peak in 2014 (when a little over 3,600 homes traded hands through the first seven months of the year with lower average inventory levels in play).

And in terms of the current pace of sales in San Francisco, it’s currently down around 10 percent on a year-over-year basis.

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Comments from “Plugged-In” Readers

  1. Posted by Anonoly

    Wow, down 7% YOY and 13% from cycle peak are huge numbers. Add that to historically low interest rates and the picture just gets bleaker. And we are not even in recession territory!

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