Wednesday, September 14, 2011

Number of Sales Improving

One of the best general measures of the health of our local real estate market is to look at the level of activity as shown by the actual number of resales each month.

In August, the number of sales was more than 11% better than August last year.

Data from the San Francisco MLS
For the first eight months of the year, the number of sales is up compared to the same period in both 2010 and 2009. 

Data from the San Francisco MLS

Crystal balls seem to be particularly foggy these days but this information would seem to indicate we've turned a corner with more people being willing to purchase a home in San Francisco despite the generally gloomy economic news.

Our next post will show what's been happening to listing and selling prices.

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