San Francisco’s Housing Mania May Finally Have Reached Its Limit
Home-price gains are moderating as ‘feeding frenzy’ fades
Luxury inventory on the market is the highest on record
Alison Vekshin
After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2 million, San Francisco’s real estate market is starting to lose steam.
The inventory of luxury homes is at a record high. A smaller share of deals have bidding wars. Rent growth for large and upscale apartments is softening.
