17.8% of San Francisco homes sold at a loss in Q1 2020, four times the national rate, with average loss at $155,500.
17.8% of San Francisco homes sold in the three months ending Feb 29 were at a loss, according to Redfin. This is more than four times the national share of 4.3%. San Francisco has the highest share of homes sold for less than their purchase price, and the typical homeowner who sold at a loss lost $155,500, which is the largest dollar loss of any major metro. Nationwide, the median loss was $39,912.
April 10, 2024
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