OK news for homeowners.
Not so OK news for renters.
The median price of a home in The City was stable in August, albeit weak, according to the Controller’s Office. The median price was $635,000, a 17.5 percent drop from the previous year.
“July and August brought continuing signs of stability in residential real estate, as median prices have stayed within 5 percent of each other since March,” the city controller said in a statement.
As for renting a place in The City, the asking price for a one-bedroom residence has risen for a third consecutive month, up .2 percent to $1,919, the report said.
That reverses a downward trend seen in the first half of the year, it said.