Christopher Ott

COMPASS | Realtor | SF Bay Area | DRE #01984563

[Christopher Ott @thechris_ott]

The mid summer lull is in effect but what do we expect for the Fall?

[Mike Simonsen 🐉 @mikesimonsen]

This week's housing market data!

Rates are at their highs for the year, we can see a little slowdown in demand as a result.

[video link follows]

➡️Pending Home Sales: We counted 84,000 newly pending sales this week. This was the second week coming in slightly below 2025 levels (-0.4%). Year-to-date, we remain up 3.6%, holding close to our 4% annual forecast.
➡️Pricing: The market remains stable. The median price for pending home sales is $399,900—essentially unchanged (+0.2%) from last year.
➡️Inventory: There are now 1.1 million homes on the market. Supply grew 0.5% this week and is slightly higher than a year ago. If rates remain elevated, we should expect supply to build a bit in the second half of the year.
➡️Days on Market: The average time to sell is now approximately 70 days. This is only 3% longer than last year—a significant improvement from the 15-20% gap we saw earlier this year.

[Christopher Ott @thechris_ott]

In our market homes are a wealth building mechanism. Like it or not. Many reasons why.

[Mike Simonsen 🐉 @mikesimonsen]

The average California homeowner has *$627,000* in equity. 🤯🤯🤯

[Christopher Ott @thechris_ott]

@lasvegasaspod Yo Boony! How crazy is it a former coach has a son 1 year younger than my oldest son! Nuts! Must be a dream for the Lee family. I only had a few months with Coach Lee at Cuesta but man was he intense. And low key at the same time if that makes any sense. Probably an intangible.

[Christopher Ott @thechris_ott]

@lasvegasaspod Don’t stop believing! Despite the trials and tribulations the team is still fun to watch! Chubbs! Harris! White! Big Amish coming back . J Willy healthy. Come on. Just need a new right fielder.

[Christopher Ott @thechris_ott]

@WfriendWilliam @CaddieNetwork And San Francisco and Menlo - it’s not “invite” it’s….. every member must approve. And there’s only around 100-200 total
Members. Weak list.

[Christopher Ott @thechris_ott]

Best write up I’ve seen on the inner workings of the San Francisco market right now. So much context.

[McMullen Properties @mcmullenpropSF]

San Francisco is ripping because of AI.

Silicon Valley is sagging because of Big Tech.

Those used to be the same sentence.

104 Bernal sales, two $1M-over-asking closings, and one phone call I got today that explains the whole market. https://t.co/dKXyPvQ3GK

[Christopher Ott @thechris_ott]

@mcmullenpropSF Best write up on the web right now describing San Francisco- inside baseball type information - send to all your friends! Great job Tim and sorry your clients are getting hammered by the market. Such a stressful situation no way around it. Sellers however feeling alright.

[Christopher Ott @thechris_ott]

The whole country (and probably the whole world) is watching San Francisco!

[Robert Reffkin @RobReffkin]

Thank you, Taylor Riggs, for having me on Fox Business to talk about where we’re seeing opportunity in housing.

New home sales rose from May to an annualized 628,000 in June. And after roughly 4 million existing-home sales last year, we’re on track for about 4.2 million this year. I believe last year was the bottom for transactions.

I’ve talked before about the strength we’re seeing in San Francisco, but every market has its own story. One theme we’re seeing across the country is that where there is job growth and economic opportunity, housing demand tends to follow.

Click the link below to watch the full interview.
https://t.co/bcw6Ofuq2O

[Robert Reffkin @RobReffkin]

Thank you, Taylor Riggs, for having me on Fox Business to talk about where we’re seeing opportunity in housing.

New home sales rose from May to an annualized 628,000 in June. And after roughly 4 million existing-home sales last year, we’re on track for about 4.2 million this year. I believe last year was the bottom for transactions.

I’ve talked before about the strength we’re seeing in San Francisco, but every market has its own story. One theme we’re seeing across the country is that where there is job growth and economic opportunity, housing demand tends to follow.

Click the link below to watch the full interview.
https://t.co/bcw6Ofuq2O

[Christopher Ott @thechris_ott]

@RobReffkin The whole country (and probably the world)is watching San Francisco !

[Christopher Ott @thechris_ott]

@DALLASBRADEN209 You called it in the A’s game against the tigers a few weeks ago as well. I mentioned it in replies on A’s threads and tagged you and nobody batted an eye about it. Unreal. I think the next hitter gets beamed. What say you? Regardless the A’s did not retaliate one bit.

[Christopher Ott @thechris_ott]

@DALLASBRADEN209 Good one you D for highlighting this. Youngins… take note. Do not
Jog on the base paths period. You never know - a bobble, a throw slightly
Offline etc. mlb guys should set the example and far too often quit on the play. Props to him and you.

[Christopher Ott @thechris_ott]

High quality data as always from Mike and his team. What does it mean though?

[Mike Simonsen 🐉 @mikesimonsen]

Mortgage rates are at their highs for the year. Can the housing market withstand it?

Three independent demand indicators (MBA's mortgage apps, Xactus mortgage intent, Altos pendings) dipped below last year's pace this week, for the first time in months.

The weekly data:
-- Pending sales: 79,000 for the week, down 0.9% vs last year. Tthe first negative print after weeks of running 3-5% ahead.
-- 4-week average: up 1.4% vs last year
-- YTD sales: up 3.8% vs 2025
-- Active inventory: 1.09M homes, unchanged vs last year
-- New listings: 90,000, slightly ahead of last year
-- Median list price: just under $450,000, down 2% vs last year
-- Median pending price (SF): just over $400,000, roughly flat vs last year
-- Price reductions: just over 40% of active listings

We just finished the best Q2 for buyer demand since 2022. But Q3 is starting under pressure.

Temporary spike, or slower H2 ahead?

[Christopher Ott @thechris_ott]

@cantshutupsam Firing a client might be the best thing in business. The shock they often have is priceless. “Like… why?” As if they don’t know.

[Christopher Ott @thechris_ott]

@KenjiCapital Went on a facility tour here with @IFMASF around 2010 or so! Incredible! So many hidden spaces! The light is insane - as it should be with the name but it lives up to it. I’d love to go back now that I’ve been into old world architecture much more the past 10 years.Great post!

[Christopher Ott @thechris_ott]

@investandcreate Soil science is brutal Curriculum - requires knowledge of all the sciences basically. Shout out to those that get through their undergrad!

[Christopher Ott @thechris_ott]

@lasvegasaspod Difficult not impossible. Would be such a site to see!

[Christopher Ott @thechris_ott]

@RobReffkin is about to change how the industry has been operating for about 20 years when many mls made the decision to sell their data feed to portals-moves brokerages to the forward position of power where they used to be and should still be but haven’t been since around 2004.

[Robert Reffkin @RobReffkin]

Compass Real Estate Professionals! I loved spending time together yesterday sharing more about the future we’re building, where we’re headed, and the opportunities ahead for you and your business. It was great to see everyone in NY HQ and thank you to those who dialed in. I’m more excited than ever about what’s ahead and grateful to be building the future of real estate together!

[Christopher Ott @thechris_ott]

@RobReffkin The acquisition of Anywhere brought serious market leverage and @RobReffkin is disrupting the industry with the new unprecedented scale.