What' Happening in the San Francisco Housing Market Will Shock You
In this brief commentary, Austin Klar references a recent Redfin report showing that, nationwide, a growing share of home sellers have been cutting asking prices over the past four weeks—a sign of weakening demand driven by higher interest rates and expanding inventory. He then contrasts this national picture with the San Francisco market, noting that only 19% of homes in the city took price cuts (down from 29% a year earlier), while new listings are at their lowest level in five years and overall active inventory is also at a five‑year low. Because of this constrained supply, single‑family home prices in San Francisco are rising both year‑over‑year and month‑to‑month. Klar advises viewers to evaluate both national and local data to accurately gauge market conditions and invites them to follow him for more Bay Area real‑estate insights.
