Michelle Kim | September 27, 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). Over the past two years, single-family home MSI has varied between a sellers’ market and a balanced market, while condo MSI has varied between a balanced market and a buyers’ market. Since May 2024, MSI has declined significantly. Currently, MSI indicates that the single-family home market favors sellers, and the condo market is 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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