SF Economic Barometer for October 2011

The SF Controller’s Office just released their “Economic Barometer” report for October. As seen below, on almost all criteria the trend is marked “positive.” Of course, the significant exception in the report is “Median Home Sales Price,” the outlook of which they mark as “negative” because it went down by 2.6% year over year. But the change in median sales price is more a factor of buying trends/ seller motivation/ inventory trends, than it is an indication of any decline in value in the majority of our neighborhoods. Indeed, some of our neighborhoods are showing distinct, if preliminary, signs of increases in value.

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The full report is here: http://www.sfcontroller.org/Modules/ShowDocument.aspx?documentid=2822. You can download the PDF file if you like.