Holiday Season SF Real Estate Slowdown Coming Up In About 3 Weeks
It’s time to sell or buy over the next three weeks before the Holiday winter hibernation real estate slowdown starts to kick in. That puts us about Thanksgiving time as the start time for fewer and fewer houses and condos moving.
According to Patrick Carlisle of Paragon Real Estate Group there are a lot of sellers and listing agents in San Francisco that are now really motivated to move their properties before the big freeze.
He points out that there are now:
- 529 active listings with DOM that are over 30 days
- 354 active listings with DOM over 45 days
- 238 active listings with DOM over 60 days
Those figures are not including new condo projects that are fretting over sales. He suggests: “I’d be taking a second look at listings with longer days on market, looking for deals, throwing in offers and negotiating aggressively.”
Below are two useful charts.