Home sales decline in San Francisco

San Francisco home sales dropped 13% during the first three months of 2019 compared with the same period last year. The median home price was $1.39 million at the end of March, down 1% from 2018.

Analysts attributed the decline to fewer homes over $2 million being sold. Home prices are expected to increase by 2% to 3% this year, down considerably from the double digit increases during the past few years,

A slow down in condo construction is also partly responsible for the decrease according to experts.

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