San Francisco properties are surging in price even though the market is facing difficulties in homebuyer demand.
Homes worth between $1.5 and $5 million grew 0.66 percent in prices in November, according to the November San Francisco Residential Listing Data report.
Meanwhile, homes worth between $5 million and $15 million climbed by 3 percent in prices, bringing the average price from $7.77 million to $8 million.
The time of the year may play a role in the slightly increasing prices.
Title and escrow expert Alan Chang said lower inventory tends to drive valuations up slightly if demand remains flat or high.
“The holiday season always skews transactions from November through December/January as most families are not looking to move during this season, which drives lack of available inventory,” Chang …