Mirroring the previous month’s trend, San Francisco market conditions continue to act in the buyer’s favor. With a price decline of 1.2% throughout August, the current median housing price in San Francisco is $819,000. Of course, because of its reputation as one of the nation’s highest markets, San Francisco is hardly an area where declines of this nature are expected to take place. But it’s true; in fact, when looking at the city as a whole, experts have noted a general year-over-year price decline in San Francisco homes for sale.

At the close of August, the market action index in San Francisco was 22.30, with the average property staying on the market around 113 days. How many properties, currently? 1,326 homes for sale, 1,521 of which are listed as foreclosures. Yes, you can purchase foreclosure properties in San Francisco! Don’t forget; this is one city that features numerous mini-markets within one larger, umbrella market. But that doesn’t mean that all foreclosed properties are located in outlying or unfavorable areas. With this many of them on the market, the chances of finding one in the right neighborhood for you are definitely high! Oh, and their average price? About $551,000.

No matter what type of San Francisco homes for sale you opt to research, the time to start exploring your options is now!