IPO Fever Has Yet to Bolster San Francisco's Real Estate Market
- Median sale price unchanged at $1.65 Million in March, April
- Houses take longer to sell, bidding wars cooling, Compass says
Photographer: David Paul Morris/Bloomberg
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Uber. Lyft. Pinterest. This year’s blockbuster tech IPOs have had real estate brokers in the San Francisco Bay area salivating over the prospect of fat commissions from home purchases by newly minted millionaires.
But halfway through the housing market’s key spring selling season, there’s little indication that flush buyers are bidding up prices beyond their peak last year.