Are sellers cutting prices in San Francisco?

Yes, some sellers in San Francisco are cutting prices. Right now, about 14% of homes for sale have had their prices reduced. This number is slightly lower than what we saw over the past year, down by nearly one percentage point. This means fewer sellers are needing to drop their prices compared to this time last year. The typical listing price for a home in San Francisco has gone down. It's currently around $911,375, which is about 4% less than the previous month and 5% lower than over the past year. Homes are also selling faster. The typical home stays on the market for 38 days, which is about 16% quicker than last year. This suggests that buyers are making decisions more quickly. If you're thinking of buying, this could mean finding a home for a slightly lower price than before and knowing that many sellers are still getting their homes sold quickly. If you're selling, pricing your home correctly from the start is important.

Yes, sellers in San Francisco are cutting prices. The share of homes with price reductions is currently 14.3%.