SF: Real Time Market Snaphots

While hanging out on the Front Steps to read the latest on the Transbay Terminal’s construction, I found some easy to read and very informative market data via Altos Research.  Here’s a synopsis.

Median Home Price Trends

This chart shows the current median single family home price in the city. As of December 16 2007 for SF: $829k.

Market Action Index

The Market Action Index is a barometer of property supply and demand. A value above 30 indicates robust demand- a “Seller’s Market.” Below 30 is a “Buyer’s Market.”

“Also use the long-term trends as a leading indicator for prices. When markets fall persistently into Buyer’s territory prices will likely follow.”  The median Market Action Index as of December 16, 2007 for SF: 22.54.

Days On Market (DOM)

DOM stats speak to the health of the market: information that obviously has implications for both buyers and sellers.  (How long might it to take to sell a home? How soon should you make an offer on a place you love?)  Average DOM in SF on December 16, 2007: 46.00.

If you’re interested in keeping up on the latest info of this nature, consider subscribing to Altos Research for weekly updates.