“Oakland’s big Bay Area cousin, San Francisco (along with San Jose, Calif., and Seattle-Bellevue-Everett, Wash., metros), scored a housing recovery trifecta in July, climbing to No. 6 on the list of metros with the greatest year-over-year drop (-40.3 percent) in inventory, No. 5 among the metros with the greatest year-over-year median list price increases (15 percent) and No. 6 among metros with properties with the shortest median age of inventory (46 days) on the market.”
A little bit of a bump up in prices could be an indicator that the biggest drops are behind us. Don’t expect any great appreciation right away, but patience should be rewarded.
Did your hometown make the list? (Hint: if you live in Illinois the answer is “NO.”)