The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing during the pandemic. Nationwide, the share of sellers losing money is much smaller (4%) because home prices remain near their record […]
Far fewer homebuyers are leaving the Bay Area as life returns to pre-pandemic norms, with many tech companies requiring in-person work and the novelty of less expensive inland areas fading. The Bay Area had a net outflow of 26,000 homebuyers in the fourth quarter, down 13% year over year and down by a factor of
San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. The typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. Roughly one of
1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation Read More »
Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide, luxury prices rose 5% from a year earlier. Luxury home sales dropped 24%, the smallest decline in a year. Non luxury listings declined roughly twice as much as luxury listings,
Luxury Home Prices Post Double-Digit Drops in the Bay Area, Seattle Read More »