SEPTEMBER 2014 MARKET TRENDS

09/10/2014

The macro trend is still positive; the micro trend involves more moderate pinching along the month-to-month timeline. This is not uncommon in a balanced market, but it's been so long since we've seen one that we're watching it with perhaps too much trepidation. Metrics to watch include inventory and prices, but also days on market, months' supply and percent of list price received at sale. Declines in pending and closed sales activity may reflect strong decreases at lower price points and may not indicate softening demand.

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

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