December 2023 Market Trends


US existing-homes sales rose from a 13-year low, climbing 0.8 from the previous month, and breaking a five month streak in which sales declined, according to the National Association of...

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November 2023 Market Trends


Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010

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October 2023 Market Trends


U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of last measure.

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August 2023 Market Trends


Higher mortgage rates, along with elevated sales prices and a lack of housing inventory, have continued to impact market activity during the summer home-buying season.

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July 2023 Market Trends


Affordability constraints have continued to limit homebuying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as of last measure, according to the National Association of REALTORS® (NAR).

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June 2023 Market Trends


Temperatures are heating up, yet the U.S. housing market remains cooler than usual for this time of year due to a combination of low inventory and higher borrowing costs, which...

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May 2023 Market Trends


Existing home sales slid for the second consecutive month falling 3.5% nationwide as of last measure, according to the National Association of Realtors.

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April 2023 Market Trends


U.S. existing-home sales declined 2.4 percent month-over-month as of last measure, according to the National Association of REALTORS® (NAR), reversing February’s sales gain of 14.5%.

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Q12023 Market Update


Review the Residential Property Snapshot for San Francisco, East Bay, Marin County and The Peninsula.

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February 2023 Market Trends


In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter percentage point, its 8th rate hike since March of last...

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January 2023 Market Trends


The US housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed.

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Q42022 Market Trends


Review the Residential Property Snapshot for San Francisco, East Bay, Marin County and The Peninsula.

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November 2022 Market Trends


Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year.

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October 2022 Market Trends


Existing home sales declined nationwide for the eighth consecutive month, falling 1.5% as of last measure, according to the National Association of Realtors, with sales down nearly 24% from the...

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September 2022 Market Trends


The US real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity.

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August 2022 Market Trends


Summer 2022 has been a season of change for the U.S. real estate market.

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July 2022 Market Trends


The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers.

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June 2022 Market Trends


Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market.

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May 2022 Market Trends


After two years of record-setting activity, there are signs the housing market might be cooling.

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April 2022 Market Trends


The average 30 year fixed-rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac.

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Q1 2022 Market Trends


As San Francisco started to emerge from the pandemic in the first quarter of 2022, re-energized buyers continued to compete for a relatively small pool of available listings, driving down...

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February 2022 Market Trends


The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS®.

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January 2022 Market Trends


The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were...

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2021 Year in Review


Click "More Info" for the Bay Area Market Update online report.

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November 2021 Market Trends


The economy is improving, unemployment is falling, and the U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time...

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October 2021 Market Trends


The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts.

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Q3 2021 Market Trends


San Francisco Real Estate At a Glance - Q3 2021

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August 2021 Market Trends


The booming US housing market has spilled over to the rental market, which has seen demand for apartment and single-family rentals skyrocket this year.

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July 2021 Market Trends


The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions.

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June 2021 Market Trends


San Francisco Real Estate At a Glance - Q2 2021

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May 2021 Market Trends


As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to...

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April 2021 Market Trends


April was another strong month for home sales.

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March 2021 Market Trends


Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices...

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February 2021 Market Trends


Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels.

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January 2021 Market Trends


January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction,...

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2020 Year in Review


As we look back on 2020, we see a year that many of us are more than happy to leave behind. But as difficult as 2020 was, in many ways it...

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November 2020 Market Trends


November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again.

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October 2020 Market Trends


October continued to be busy as we are in the midst of our San Francisco fall selling season.

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September 2020 Market Trends


Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the...

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August 2020 Market Trends


The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding...

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July 2020 Market Trends


Healthy buyer demand and constrained supply continue to be the story for much of the country, although in San Francisco inventory continues to rise.

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June 2020 Market Trends


While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well.

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While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country.

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While the stock market recovered significantly in March, the effects of COVID- 19 to the economy continue to build.

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As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month.

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February 2020 Market Trends


As we progressed through February, the actual and expected impacts of COVID- 19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month....

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January 2020 Market Trends


For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices.

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2019 Year End San Francisco Market Report


Looking back on 2019 as a whole, the San Francisco real estate market generally held steady when compared to comparable metrics from 2018, according to data from the San Francisco Multiple...

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November 2019 Market Trends


In November, the Federal Reserve reduced its benchmark rate for the third time this year

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October 2019 Market Trends


In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored...

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September 2019 Market Trends


With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well.

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August 2019 Market Trends


As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark...

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July 2019 Market Trends


In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the...

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June 2019 Market Trends


As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting.

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May 2019 Market Trends


At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future.

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For much of the country, the first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales.

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In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well.

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It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and...

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Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began to slow across the nation late last year.

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Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years.

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The booming U.S. economy continues to prop up home sales and new listings in much of the nation, although housing affordability remains a concern. Historically, housing is still relatively affordable.

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If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the...

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Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing...

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If you follow the San Francisco housing market, you know that our inventory rises after Labor Day when the weather improves and summer vacations are complete.

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Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift.

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May 2018 Market Trends


Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months

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April 2018 Market Trends


Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale.

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March 2018 Market Trends


New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy.

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February 2018 Market Trends


The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home...

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January 2018 Market Trends


Last year, U.S. consumers seemed to be operating with a renewed but cautious optimism. The stock market was strong, wages were edging upwards and home buying activity was extremely competitive.

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December 2017 Market Trends


The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was...

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November 2017 Market Trends


The facts of residential real estate have remained consistent in 2017. In year-over-year comparisons, the number of homes for sale has been fewer in most locales, and homes have been...

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October 2017 Market Trends


For residential real estate in 2017, the news has continued to provide a relative sense of calm for both buyers and sellers.

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September 2017 Market Trends


Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains...

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August 2017 Market Trends


In some parts of the Bay Area, August tends to mark the waning of housing activity ahead of the school year. But in San Francisco, the END of August marks...

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July 2017 Market Trends


How long can the residential real estate market go on like this? We are about two years into a national trend of dropping housing supply and increasing median sales prices. There are...

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June 2017 Market Trends


There has been a general slowdown in sales across the country, and this cannot be blamed on negative economic news. Unemployment remains low and wage growth, though nothing to overly celebrate, has...

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May 2017 Market Trends


Home prices across the U.S. are reaching all-time highs, prompting worry over another boom-and-bust scenario like we experienced roughly ten years ago. Yet, as we glance across the state of...

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April 2017 Market Trends


When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a...

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March 2017 Market Trends


We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began....

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February 2017 Market Trends


The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have...

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January 2017 Market Trends


January brings out a rejuvenated crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the...

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2016 Year End Market Trends


With a new U.S. president from a different political party taking office in 2017, few are expecting federal policies to remain as they have under prior leadership. The incoming president...

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November 2016 Market Trends


As we enter the final days of 2016, the story has remained consistent as concerns residential real estate. In year over-year comparisons, the number of homes for sale has been...

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October 2016 Market Trends


As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity...

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September 2016 Market Trends


New Listings were down 1.5 percent for single family homes and 11.6 percent for Condo/TIC/Coop properties. Pending Sales decreased 9.0 percent for single family homes and 2.3 percent for Condo/TIC/Coop...

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August 2016 Market Trends


Fall begins with an increase in inventory, which is welcome news to many buyers. 150 single family homes were listed in the first 14 days of September, versus...

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July 2016 Market Trends


Even as prices rise in many communities, homes are selling faster now than they have in the past several years. This creates a situation where buyers need to move fast...

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June 2016 Market Trends


June generally means foggy weather in San Francisco, but that could apply to some murky June real estate statistics as well. Unlike the suburbs, which see increased activity...

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May 2016 Market Trends


We are in the thick of an exciting period of home buying and selling, often with quick multiple offers above asking price, depending on the factors of the home and...

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April 2016 Market Trends


The inventory of active listings has risen for the second straight month for single family homes, and the eighth straight month for condos. So while NEW listings are down...

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March 2016 Market Trends


Employment figures are positive, wages are going up and employers are hiring. Consumers are holding for the right deal, even in the face of extremely low mortgage rates. As...

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February 2016 Market Trends


The primary story, both nationally and in local submarkets, is a dwindling months' supply of inventory. The cure, of course, is more inventory. But new construction has been lagging during...

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January 2016 Market Trends


The natural ending point in December gives way every year to the optimism of January. This is particularly pronounced when the economy is strong and economists across the land are...

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December 2015 Market Trends


In 2015, national residential real estate, by and large, had a good year. Supply and demand were healthy in an environment rife with low interest rates and improved employment. The...

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November 2015 Market Trends


Residential real estate is experiencing its best year since the recession. Housing demand is healthy, and that is expected to continue until the end of the year. Home sales...

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October 2015 Market Trends


Interest rates are an area to pay attention to as rate hikes are widely expected before the year ends. The Federal Reserve Bank has skipped two opportunities to raise rates...

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September 2015 Market Trends


The end of September brought a close to the first full month of our active autumn selling season. There was a change in the fall air, more than just...

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August 2015 Market Trends


September is here and with it comes the beginning of the fall selling season in San Francisco. It seems a lot of properties were being readied this summer, as 701...

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July 2015 Market Trends


Buyers, sellers and realtors are looking ahead to the post-Labor Day market, hoping for an inventory increase to assuage continuing demand. New Listings were down 17.7 percent for single family homes...

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June 2015 Market Trends


New Listings were down 19.1 percent for single family homes and 26.2 percent for Condo/TIC/Coop properties. Pending Sales increased 10.5 percent for single family homes but decreased 9.1 percent for...

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May 2015 Market Trends


The U.S. economy has been pretty even so far this year, but recently, some numbers for the first quarter were adjusted to show a slight contraction. The initial response from...

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April 2015 Market Trends


The Bay Area weather feels like January, but the calendar says May! A proliferation of new April listings was expected in most markets across the U.S., as Spring is...

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March 2015 Market Trends


Despite beautiful weather and signs of spring, inventory in San Francisco remained tight in March with listings down 20 percent for single family homes and 25 percent for Condos, TICs,...

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February 2015 Market Trends


Despite beautiful weather and signs of spring, inventory in San Francisco remained tight in February with new listings down 2.6 percent for single family homes and 21 percent for Condo/TIC/Coop...

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December 2014 Market Trends


Just when we thought the real estate market could not get any tighter, the end of the year numbers confirm what we have been feeling. San Francisco ended the year...

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November 2014 Market Trends


With 2015 near, there is much discussion about a potential change in interest rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt...

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September 2014 Market Trends


The macro trend is still positive; the micro trend involves more moderate pinching along the month-to-month timeline. This is not uncommon in a balanced market, but it's been so long...

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August 2014 Market Trends


Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not...

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July 2014 Market Trends


Housing seemed to have a slow start to the spring selling season, but appearances deceive. Dig into that spring soil and you begin to unearth differences in individual areas and...

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June 2014 Market Trends


The San Francisco housing market continues to be active even as we enter the traditionally "slower" summer months. The American Dream of homeownership is alive and well, but here in...

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May 2014 Market Trends


It's mid-May and it feels like summer is already here! Since our spring market did not produce as much inventory as we would like, we can only hope that...

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April 2014 Market Trends


Low inventory has been the headline grabber across the nation, but it's especially evident here in San Francisco where properties continue to be snapped up at a furious pace. With...

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March 2014 Market Trends


As recent national news articles attest, San Francisco is attractive as ever to owner-occupant buyers, and interest rates remain historically low. So while new listings were down 17.1 percent for...

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February 2014 Market Trends


The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That's not a bad thing,...

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January 2014 - 2013 Was A Very Good Year!


In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for...

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November 2013 - Seasonal low inventory, but strong price gains


As we are deep in the midst of the holiday season, numbers have moderated. Due to fewer buyer showings that happen this time of year, new listings were down 13.3%...

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October 2013 - The numbers tell the story: this year has been fantastic for residential real estate!


Price and number of sales have increased in all 10 real estate districts. City-wide, the median sales price was up 11.1% to $921,945 for single family homes and 13.8% to...

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September 2013 Market Update


Housing demand remained strong in August throughout San Francisco's 10 districts. Despite rising mortgage rates, single family homes, condos, TICs and cooperatives throughout the City were snatched up in an...

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August 2013 - July Housing Inventory as Scarce as the Morning Sun in SF!


The usual “June Gloom” persisted into July in San Francisco as the fog seemed to camp out every morning. In the residential housing market, buyers looked for a ray of...

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July 2013 - Summer inventory drought continues


Interest rates and new construction activity have been in the spotlight lately, fueled by concerns over tapering Federal Reserve activity and ongoing inventory constraints. Watch for continuing indications that more...

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June 2013 - Summer Slowdown? Not Yet!


We're halfway through the year and it seems our collective attention has shifted from monitoring price and sales gains to eagerly anticipating more new listing activity on the part of...

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May 2013 - A Million Dollars Doesn't Go as Far as It Used to in San Francisco


April, the kick-off month of peak spring homebuying, found the median price for single-family homes in San Francisco reaching the $1 million mark.

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April 2013 - Spring has Sprung Alongside Housing Prices


March often signals the start of spring and has historically brought an influx of property listings onto the market as seasonal home buying gets underway. In San Francisco, despite more...

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March 2013 - Love and (Bidding) Wars in the San Francisco Home Market


February, a month often spent reflecting on love, brought with it continued affection for home sellers in the San Francisco residential market. Buyers, however, were not as enchanted.

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February 2013 - San Francisco Homes Continue to Sell Fast and High as Inventory Drops


January 2013 brought the same type of market behavior that San Francisco has been experiencing for some time now. With the already low inventory of homes for sale being consumed...

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January 2013 - San Francisco Housing Market Maintains Positive Outlook for New Year


Much like the rest of 2012, December produced improved buyer demand, steadily rising home prices (the median now at $850,000, up by 39.3 percent) and pockets of robust activity throughout...

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December 2012 - San Francisco Housing Market Remains Upbeat Throughout Holiday Season


Even though the city’s housing market has had to deal with month-after-month of low housing stock in 2012, it has not stopped a wave of motivated buyers from making San...

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November 2012 - Increases in Home Sales Prices Continue


While the fall season typically signals a slowing down for most real estate markets, San Francisco’s housing market has continued to remain active and in some areas, vibrant. The median...

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October 2012 - Property Inventory Remains Low


As the San Francisco economy continues to draw from the proverbial “well” of the technology sector, the median price for a single-family home in the City remains on an upward...

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"People who say it cannot be done should not interrupt those who are doing it"


What an inspiring quote from Carroll Estes when she accepted the 2014 UCSF medal the other evening.

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Slower Growth and Mild Recession


In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the...

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