The real estate market in San Francisco has good news for both buyers and sellers: home sale prices are finally back to pre-crash highs, meaning more sellers are willing to put their homes on the market, giving buyers more options to choose from.
The median sales price for homes in San Francisco is up 20.7% over last year (for April 13 to June 13), and the average price per square foot is up 26.1%. The median sales price is back to the same point it was in 2007, at the peak before the housing crash.
Sellers seem to be regaining trust in the real estate market, so inventory is finally starting to even out; the number of listings for sale is the same as last year at this time, for the first time in over two years. Total inventory is expected to spike in September and peak in October before the usual holiday decline, so now is the time to get serious about your search if you want to buy this year.
For weekly updates about the San Francisco real estate market, visit our “How’s The Market” page, or contact Vi Pavlicevich at 415.828.1114 or firstname.lastname@example.org.
Sources: Socketsite, Trulia
Climb Real Estate provides this information to the public and our clients and does not guarantee its accuracy. Climb Real Estate does not necessarily represent the seller nor the marketing company in any way. For buyer representation, contact Climb or learn how to buy new developments.