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July Real Estate Update from Pac Union!

Midsummer Shift

Though median prices in many of our Bay Area markets experienced a slight midsummer cooling from June to July, homes are still in high demand, as low inventory levels and above-list sales prices attest. The median home price topped $1 million in Marin County, and prices in Sonoma County also hit yearly highs.

Low Inventory

Available properties are still exceptionally slim, especially in San Francisco, where the months’ supply of inventory (MSI) for condos hit its lowest level in the past 12 months. Single-family homes in the city are also hard to come by, with MSI reaching lows we haven’t seen since December.  And buyers continued to shell out more than list price in several of our hottest markets, including the East Bay, Contra Costa, and San Francisco.

See how all the numbers stack up in Pacific Union’s July Real Estate Update, available at https://compasscaliforniablog.com/pacific-union-july-real-estate-update


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