Home Pricing Analysis: San Francisco Home Sales With & Without Price Reductions*
Home sales reported to SFARMLS, per Broker Metrics
Homes Sold: No Price Reduction
Homes Sold: 1+ Price Reductions
107.5% of LP
Homes requiring price reduction averaged 7 weeks longer on market to acceptance of offer.
100%
100%
92.5%
92.5%
92%
79days
Homes selling after price reduction averaged a dollar per square foot value and an average sales price approximately 7.5% below homes selling without price reduction.*
Homes requiring price reduction before selling averaged a sales price 8% under original list price, while those selling without reduction averaged 7.5% over original list price.
28
Price cut prior to sale
No price cut prior to sale
Price cut prior to sale
No price cut prior to sale
No price cut prior to sale
Price cut prior to sale
No price cut prior to sale
Price cut prior to sale
Avg. Sales Price to Original List Price Percentage
Avg. Days on Market to Offer Acceptance
Avg. Dollar per Sq.Ft. Differential
Average Sales Price Differential
*The sales-price-to-original-list-price and days-on-market analyses based on 13,000 home sales over 2 years through July 2022, averaging Broker Metrics monthly data. The average sales price and dollar per square foot analyses based on a Broker Metrics sample of 1100 house sales in 12 months through late-August 2022. Average sales prices adjusted for difference in average square footage. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate.
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