Market News

San Francisco Home Prices, Market Conditions & Trends July 2024

The median house sales price in Q2 2024 rose 6% from Q2 2023, while the median condo sales price declined by 2.5%.    

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Marin County Home Prices, Market Conditions & Trends June 2024

Average days on market were the lowest in 12 months. 30-year-loan interest rates hovered around 7% in May and early June, which many buyers and sellers have clearly come to accept as the new normal.

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San Francisco Home Prices, Market Conditions & Trends June 2024

The 3-month-rolling median house sales price in May, at $1,735,000, hit its highest value since mid-2022. The median condo sales price, $1,135,500, declined about 1% year over year.    

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Marin County Home Prices, Market Conditions & Trends May 2024

Speculation as to what the Fed may or may not do with its benchmark rate has been shifting for months from optimistic (will cut rates, perhaps several times in 2024) to pessimistic (won’t cut rates this year), back and forth, with the release of each new economic indicator.

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San Francisco Home Prices, Market Conditions & Trends May 2024

Home prices, sales volume, luxury sales, the number of new listings, and overbidding – all increased as the market moved deeper into spring. But not every listing sells: Price reductions also rose in April. Preparing, pricing and marketing the home properly still matter.   .

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Marin County Home Prices, Market Conditions & Trends April 2024

In the last month, the S&P 500 & Nasdaq stock market indices continued to hit new all- time highs, with substantial effects on household wealth.

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San Francisco Home Prices, Market Conditions & Trends April 2024

Q2 May See the Hottest Market Since the Peak of the Pandemic Boom.  

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Marin County Home Prices, Market Conditions & Trends March 2024

Along with substantial macroeconomic improvements in interest rates (though they ticked up a little in February), financial markets which recently hit all-time highs – and consumer confidence, these factors are also triggering a recovery in its housing market.

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San Francisco Home Prices, Market Conditions & Trends March 2024

The Market Accelerates Rapidly Moving into Spring. There is a growing sense that in 2023 San Francisco hit its post-pandemic low – economically, socially, and certainly in media coverage and that it has now begun a significant recovery on all those fronts.    

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Marin County Home Prices, Market Conditions & Trends February 2024

The supply of condo listings is considerably higher, and while condo and house sales numbers are similar, condo inventory is 130% higher.     .    

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