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Matt Morgus

Is the San Francisco Real Estate Market Crashing? | San Francisco Real Estate Podcast

Is the San Francisco Real Estate Market Crashing? | San Francisco Real Estate Podcast

Is the San Francisco real estate market crashing?

It seems that the week after Labor Day was the icing on the cake for the emergence of new homes for sale on the market as real estate inventory levels rose 31% year over year in San Francisco. What does this mean if you are selling your house?

Is the San Francisco real estate market starting to shift to become a buyer’s market?

Is the San Francisco real estate market beginning to soften?

The following is an excerpt from the San Francisco Real Estate Podcast.

Is the San Francisco real estate market crashing?

It seems that right after Labor Day weekend here in September everyone and their brother, whoever was going to list their house this year in 2018, everyone just kind of got together and did a big powwow. It feels like everyone just decided to go ahead and list their home at the exact same time. Go figure? Real estate is about supply and demand, and inventory levels are based on that. If there's too much supply in the market and not enough demand, what happens? It takes a little bit longer for homes to sell. The summertime here in San Francisco tends to be a slow time season where a lot of sellers and a lot of buyers tend to go out of town, they go on vacation. As you know it's usually a chilly and foggy time of year, so sellers will wait until after Labor Day. This is a trend you can see in the charts below.

Seasonal Stats

What does the spike in real estate inventory mean for Sellers?

This is the time to really think outside of the normal, historical, real estate box. Now might be a good time to be a salmon and start swimming upstream away from the rest of the sellers to stand out. It’s interesting to me why real estate agents tend to send out all of their mass email lists promoting their open houses on Friday afternoons between 1pm-6pm. I will probably receive 100 on any random Friday. Look, speak of the devil, I just received a new one right now, and I’ll probably receive 6 more by the end of recording this podcast. Why don’t they send it on Thursday afternoon or maybe Saturday mornings? If we look at history, we know that most sellers list the week after Labor Day. How come real estate agents are not educating their sellers to list their home for sale a week or 2 before?…


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