Market Trends: 1908 94513 — August 2022
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $860,000 | Declining |
| Median $/SF (0-3 Mo) | $382.51 | Stable |
| 12-Mo Linear $/SF Change | +7.62% | Positive |
| Months of Inventory | 5.0 | Balanced |
| Median Days on Market | 34 | Worsening |
| SP/LP Ratio | N/A | N/A |
| Sales Volume Change (Qtr) | -2.2% | Stable |
| Anticipated Marketing Time | 60-90 days | Moderate market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. The stronger performance in overall median prices relative to $/SF suggests larger or higher-end properties are making up a greater share of recent transactions.
On the supply side, 5.0 months of inventory reflects moderate supply levels in the market. Increasing days on market indicates properties are taking longer to sell, suggesting buyer caution or overpricing. The stable SP/LP ratio suggests pricing expectations remain well-calibrated between buyers and sellers.
In summary, the market is best characterized as transitioning through a period of adjustment. The anticipated marketing time of 60-90 days reflects current absorption rates. The negative 6-month linear trend in $/SF warrants monitoring as it may indicate continued near-term softening.
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