FEBRUARY 2017 MARKET TRENDS

03/20/2017

The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand definitely remained strong this month.

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    Anne Herrera
    Sotheby's International Realty
    117 Greenwich Street
    San Francisco, CA 94111

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