Where to Find Deals on San Francisco Real Estate
In this brief market update, Austin Klar explains that the most promising avenue for securing a real‑estate deal in San Francisco is the condominium segment. He notes that the monthly supply of condos has risen for three consecutive months and is now higher than the same month a year ago, indicating weaker buyer demand relative to available inventory. Consequently, absorption rates—the share of homes entering contract—have declined month‑over‑month and are below last‑year levels, leading to an increase in price cuts on condos compared with prior years. Klar contrasts this with the single‑family home market, where the average sale price is about 7% above the asking price, whereas condos are selling roughly 1% below ask. The overall conclusion is that buyers currently have significantly more negotiating power in the condo market than in the single‑family market. He invites viewers to follow him for further condo market updates.
