What to make of all this information? Use what suits you and discard the rest. It’s like opening an avocado. You may find some woody brown portions along with the smooth green, but you can still make guacamole.
The metaphor for our current market might go something like this: You never know exactly what you’re going to get with an avocado until you slice it open. The result is going to be specific to that avocado and you’re going to have to plunge the knife in if you want to know more. You may be able to rim a plate with perfect green slices splashed with lemon juice, or you may have to mash it up for avocado toast. Regardless, you’ll have something to eat.
And so it is with San Francisco’s nearly-perpetual seller’s market for residential real estate. Months of supply is lower than ever right now, which means fewer choices and more competition for the buying public. For sellers, it means you’ll certainly be able to sell, but you won’t necessarily get your wished-for price.
Only in hindsight can we understand exactly what the market had to offer. But don’t let that get in the way of your life’s progress. You’ll starve, waiting for confirmation that your avocado is perfectly ripe.
READ MARKET UPDATE HERE
