We’ve been hearing the same old song and dance about San Francisco’s seller’s market that it may be surprising to hear that this market may be seeing some loosening. That’s according to the San Francisco Chronicle, which reports today that buyers aren’t necessarily snapping up everything.
To wit: there have been price cuts on the MLS in the last month to 40 days. Those cuts include 35 single-family homes, 34 condos, nine multi-family properties and three townhomes. Cuts were seen at all price levels as well.
The Chron features three properties that have experienced price cuts: 24 Lobos, 10 Joy and 1335 Stanyan. See the story for specific price records on these properties.
So have buyers hopped back into the driver’s seat? That’s a stretch at the moment, with a handful of properties to prove a huge point. However, it’s important to pay attention to trends, since they can certainly become market considerations.
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