San Francisco, California, has seen the resale of homes drop 30 percent from last year -- a downward trend seen in much of the state.
Job growth has also taken a hit, according to statistics from CNN, with a negative 8.26 percent drop.
Despite these negative figures, its not all doom and gloom for The City by the Bay.
Single family home prices continue to rise, with the median being reported near $870,000, and days on market are holding steady.
And local expert and Realtor, Andrew La Mont, notes, "We expect sales to be slow this month, then start to recover at the end of the quarter as the credit crunch is alleviated."
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Published: November 13, 2007
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