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Welcome to the latest real estate market report for the charming Bernal Heights neighborhood! 

Let's shed light on another pivotal aspect of the market: Days on Market (DOM). This metric serves as a barometer of market activity, showcasing the pace at which homes are being snatched up. In essence, the lower the DOM, the more favorable the conditions for sellers, assuming all other factors remain constant.

Let's explore another key metric shaping the neighborhood's housing landscape: the Number of Active Listings. This figure represents the inventory of homes available for sale in active status by the month's end. A lower count of active listings could signify various market dynamics, possibly favoring sellers over buyers or reflecting seasonal trends.

Price per square foot is a crucial metric in evaluating the value of homes. For buyers, understanding the median price per square foot in Bernal Heights helps in budgeting and negotiation. Sellers can use price per square foot to accurately price their homes for sale. By calculating the average price per square foot of recently sold comparable properties and adjusting for differences such as upgrades or renovations, sellers can set a realistic listing price that attracts potential buyers. On the flip side, buyers can use this information to determine whether a listing is priced competitively or if there's room for negotiation based on comparable properties.

Understanding the dynamics of the sale-to-list price ratio is pivotal for both buyers and sellers navigating the real estate landscape of Bernal Heights. In robust or balanced markets, it's common for homes in San Francisco, including those nestled in the charming neighborhood of Bernal Heights, to command prices exceeding their initial listing. Conversely, in a buyer's market, properties may sell at or slightly below their list price. It's important to note that when a home undergoes price reductions during its listing period, the sale-to-list price ratio is typically calculated based on its final listed price.