Michelle Kim | June 11, 2024
Months of Supply Inventory (MSI) quantifies the supply/demand relationship by measuring how many months it would take for all current homes listed on the market to sell at the current rate of sales. The long-term average MSI is around three months in California, which indicates a balanced market. An MSI lower than three indicates that there are more buyers than sellers on the market (meaning it’s a sellers’ market), while a higher MSI indicates there are more sellers than buyers (meaning it’s a buyers’ market). MSI trended higher in the second half of 2023, hovering between a balanced market and a sellers market. In January and February 2024, the North Bay market MSI continued that trend, but in March and April, MSI fell, indicating the housing market now favors sellers. The only exceptions are single-family homes in Napa and condos in Marin and Napa, which were balanced.
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December 5, 2024
Where to eat for date nights and special occasions in San Francisco’s Richmond District.
Michelle Kim | December 1, 2024
Quick Take: Median prices rose in Silicon Valley and San Francisco, while prices in the North and East Bay declined. Typically, prices contract this time of year, high… Read more
Michelle Kim | December 1, 2024
Quick Take: The median single-family home prices are still near their record highs with the exception of Marin, which peaked at over $2.2 million in 2022. We expect pr… Read more
Michelle Kim | December 1, 2024
Quick Take: Median home price contractions in the third and now fourth quarter are in line with seasonal expectations. Prices will likely decline through January 2025.… Read more
Michelle Kim | December 1, 2024
Quick Take: Median home prices are slightly below peak levels across Silicon Valley. We expected price contraction after peaking in the second quarter, which is the se… Read more
Michelle Kim | December 1, 2024
Quick Take: The median single-family home price rose 7.7% month over month, while condo prices increased 9.2%. We expect prices to contract over the next three months,… Read more
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