South San Francisco Real Estate Market Extends Weakness in Price Cuts

Sales in the South San Francisco market fell to 61 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with 12 price reductions in the same time frame. The median sales price dropped to $741,000, down from last week's $776,000. Despite the slip in sales, a relatively low one month of inventory indicates that South San Francisco is a solid seller's market.

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Demographic facts for South San Francisco:

  • The median value of all homes in the area is $482,500.
  • Average number of rainy days is 64 per year. (U.S. average: 100)
  • The area's unemployment rate is 7.5%.
  • For every teacher there are 21.7 students in this area. (15.3 = national average)

Data reported through 10/12/2016

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