San Francisco Real Estate - Complicated Market Conditions - Compass
"As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some other counties - less expensive, more suburban or rural - are experiencing extremely high demand. (See table near the end of this report.) Within San Francisco itself, supply and demand conditions have diverged dramatically between house and condo markets, with the latter being far weaker and rapidly climbing into "buyer's market" territory."
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Here is the report that the article I linked to below was based on. The market for condos is showing signs of weakness, which always seems to happen when a downturn in the real estate market begins. Condos are hit first. Does that mean that other parts of the real estate market will go down? Not necessarily, but we shall see. Some analysts think the suburban market for single family homes will benefit from the forces that are hurting the condo market. COVID, unemployment, civil unrest...
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