‘Very unpredictable’: Bay Area housing market facing uncertainty

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San Francisco median home sale prices fell again in September, and the real estate market remains unpredictable.

San Francisco median home sale prices fell again in September, though the city was buoyed by more new listings coming to market than in any of the previous 12 months, according to a recent report from real estate firm Compass. The total number of new listings still remains extremely low by long-term historical standards, according to Compass analyst Patrick Carlisle, and when coupled with rising interest rates, that has continued to instill uncertainty in the market.

Condo sales prices declined 4% in the same period. The number of home sales in San Francisco shrunk about 22%, Compass data shows. Travel | This middle-of-nowhere Calif. diner was James Dean's last stopFood | 'Corporate greed' nearly killed San Francisco icon Swensen'sLocal | What happened to the haunted house on Fisherman's Wharf?History | The unbelievable true story of a body found in a Calif.

 

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