Police outside the home of Rushdie attack suspect


American City Business Journals

Average selling price for San Francisco homes drops nearly 20% since spring

New data released this week by Compass Real Estate shows that the average sale price for a home in the city — now $1.68 million — fell 10% from June to July and reached its all-time high of $2.05 million in April. has since fallen 18%. , According to Patrick Carlisle, chief market analyst at Compass (NYSE:COM), the market across the region has been slow and cool, with increased buyer demand, inventory, overbidding, price drops and changes in year-over-year appreciation rates. MLS was reported to have 5,200 home sales from Napa County to Monterey in July—many of them still fast selling at higher prices—but that number was down 38% from last year. In the Inner East Bay — an area that includes Oakland, Alameda, Emeryville, Berkeley and Richmond — median home sales prices fell 12.5% ​​to $1.223 million in April and May from the area’s high of $1.4 million. Is. Compared to last July, that part of the East Bay has now seen a slight decrease in average selling prices, which stood at $1.225 million in the summer of 2021.


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