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JULY 2023 WRAP-UP During the month of July, the market underwent a slowdown, following the familiar seasonal cycle. This slowdown typically culminates in August and then activity surges back after Labor Day for a final selling season before things quiet down again after Thanksgiving. Although sales prices are still trailing behind the figures from the preceding year, they are gradually closing the gap as we approach the point in time when crucial metrics began to decline last year. YEAR-OVER-YEAR COMPARISON SINGLE FAMILY RESIDENCES MONTH-OVER-MONTH COMPARISON SINGLE FAMILY RESIDENCES CHANGE IN PAST MONTH: SALES PRICE -9.7% DAYS ON MARKET +1 day MEDIAN AREA VALUES SINGLE FAMILY RESIDENCES Q2 2023 * Denotes small sample size; Use caution when interpreting results. YEAR-OVER-YEAR COMPARISON CONDOMINIUMS/TIC/COOPs MONTH-OVER-MONTH COMPARISON CONDOMINIUMS/TIC/COOPs CHANGE IN PAST MONTH: SALE PRICE +0.9% DAYS ON MARKET +11 days MEDIAN AREA VALUES CONDOMINIUMS/TIC/COOPs Q2 2023 * Denotes small sample size; Use caution when interpreting results. YEAR-OVER-YEAR COMPARISONS MEDIAN SALE PRICE $1,450,000 -13.0% year-over-year $1,159,500 -3.1% year-over-year MEDIAN MARKET TIME 16 days +2 day change year-over-year 39 days +4 day change year-over-year NUMBER OF SALES 157 Properties Sold -13.7% year-over-year 158 Properties Sold -32.8% year–over–year PRINTABLE VIEW Ensure delivery: *|LIST:ADDRESS_VCARD|* Sources: SFAR MLS. Property types covered: single-family, condominium/TIC/COOP. Only property data posted on the MLS is covered. BMRs and senior housing have been excluded from stats, where possible. All Photos are sourced by the SFAR MLS and owned by their respective brokerages. All information is deemed reliable, but not guaranteed for accuracy. All data is subject to errors, omissions, revisions, and is not warranted. ©2023 Vanguard Properties. All rights reserved. Equal Housing Opportunity. DRE No. 01486075 View This Email in Your Browser