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Leslie Appleton-Young Provides Insights into Today’s Real Estate Market

Each year, Leslie Appleton-Young, chief economist of the California Association of REALTORS® (CAR), comes to San Francisco to deliver the State Association’s real estate market outlook for the current year. The presentation usually is made at a luncheon, as it was this year at the Grand Hyatt Hotel at Union Square. Almost two hundred REALTORS® attended the event.

As always, the most interesting part of Leslie’s presentation was a discussion of the local real estate market. Compared to the rest of the Bay Area, San Francisco is doing fairly well. Although year-to-date sales of existing detached homes are off, year-to-year median home sale prices are holding firm. And the months’ supply of inventory is far less than in other parts of the State. In April, there was only a three months’ supply of inventory, with the average days on the market standing at about 32.

And where are San Francisco’s new households coming from? The answer, as one might imagine, is the Bay Area: San Mateo County (3806), Alameda County (3319), Santa Clara (2192) and Contra Costa (1554).

Here's a link to download a copy of Leslie's powerpoint presentation from this luncheon.  The files is large as there are over 100 slides, each containg some great information.  Enjoy!

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2008 CAR Ecomomic Forecast_050208.ppt