House Prices Drop Again in San Francisco and Silicon Valley

Re:House Prices Drop Again in San Francisco and Silicon Valley by dougmwne on Friday August 16, 2019 @05:38PM (#20719974)

But decreased supply from buyers waiting to list should increase prices, not decrease them.

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Re:House Prices Drop Again in San Francisco and Silicon Valley by refurb on Friday August 16, 2019 @06:39PM (#20720390)

Indeed.

However, I wonder how median price is impacted by a shifting mix of the houses that change hands?

If buyers were moving towards the lower end of the market and away from the upper end, you could see the median price decrease when in fact any given house has actually gone up in price.

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Re:House Prices Drop Again in San Francisco and Silicon Valley by nostrademons on Friday August 16, 2019 @07:47PM (#20720786)

Now, at least. If the buyers don't materialize and they give up on waiting, it increases supply and decreases prices.

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