July’s median sales price for single family in San Francisco followed its seasonal backing off of its May peak, dropping to $1,431,000 from May’s $1,500,838. Single family home inventory continues to be at its lowest level, 1.6 months, since last December, and its lowest July level in a decade. This Read More

June’s median sales price for single family in San Francisco backed off a bit from its all-time high in May, dropping from $1,502,675 to $1,465,989. At the same time, single family home inventory was at the lowest level, 1.6 months, for June in 10 years. This is largely due to Read More

The median sales price hit an all-time high for both single family houses and condo/loft/TIC’s in May. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well.  Single family homes sold at a median overbid of 114.7%, the highest since October, 2015. Condos Read More

San Francisco’s continued hot housing market reflects the incredibly strong full-employment economy that the Bay Area and the U.S. is experiencing. Not only is unemployment in San Francisco historically low (3.3%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the Read More

Looking at San Francisco’s March sales data, we continue to see median sales prices and percent of list price received that are slightly lower than 2016’s. Inventory remains exceptionally low and it continues to be a sellers market. The San Francisco economy remains very robust, but more mixed, as evidenced by a cooling Read More