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Bay Area Real Estate Markets Survey

Short-term fluctuations in median sales prices and other market statistics are not uncommon.

A Compass Special Report

December 2018

Angles on Appreciation

& Comparative Values

Declining & Sometimes Negative

Appreciation Rates



We are always hesitant to make too much of a single month’s or a few months’ data: Short-term fluctuations in median sales prices and other market statistics are not uncommon and don’t always give a definitive perspective as to where the market is heading on a longer-term basis. Still, many of the changes seen over recent months are substantial - and none more so than the sudden plunge in year-over-year median price appreciation rates illustrated below: a number of counties plummeted into negative territory in November, and the others saw drastic declines.
 
Again: It is important not to make too much short-term data. Indicators can also be somewhat schizophrenic at the be- ginning of a significant market transition - if that is what is occurring - as buyers, sellers, and agents struggle to figure out a changing reality.
 
 

Download Full Document Here

Work With Tamara

Tamara is equipped with intimate knowledge of the local market and has successfully sold properties across Marin, Sonoma, and San Francisco counties.

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