NOVEMBER 2013 - SEASONAL LOW INVENTORY, BUT STRONG PRICE GAINS

12/31/2013

As we are deep in the midst of the holiday season, numbers have moderated. Due to fewer buyer showings that happen this time of year, new listings were down 13.3% for single family homes and 13.7% for Condo/Coop/TIC properties. Pending sales decreased 15.5% for single family homes and 0.7% for Condo/Coop/TIC properties. Year over year comparisons remain strong including a 20.4% gain in single family homes prices and a 6.5% upward movement in Condo/COOP/TIC prices. We will experience low inventory through the holidays and the beginning of the new year. But look to 2014 for continued strong sales numbers.

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

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