As of early August, the current SF median house price was $785,000 (down from $891,000 two years ago). It has been ticking up since March. For condos/TICs, the median is $619,000 (down from $775,000) - it has been going up and down since January, which was a low point of $610,000. Not that median prices can be impacted by factors besides change in value.
I predict a pop in recorded sales prices for November and December. Fall activity in San Francisco runs high between Labor Day and Halloween-- each year we see more properties move at higher prices during that time.
After Halloween the market begins to slow down as buyers look forward to Halloween and drop out of the market during the holidays. The properties left on the market begin to go stale, and discouraged sellers either pull their homes off the market or become prepared to further negotiate.
I find the last two months of the year to often be my busiest. The buyers that remain in the market are highly motivated and sellers are more willing to concede on price and terms. The approaching New Year also creates a sense of urgency as buyers and sellers alike are eager to wrap things up before December 31.
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