What’s New in San Francisco Real Estate Analytics and charts from Compass There is a growing sense that in 2023 San Francisco hit its post-pandemic low and that it has now begun a significant recovery. Along with macroeconomic improvements in interest rates (though they ticked up a little in February), financial markets and consumer confidence, we are beginning to see a recovery in the housing market. A variety of indicators are showing signs of the market heating up as we move into the spring selling season, typically the most active time of year.  Home Sales Volume In Februa ..read more

What’s New in San Francisco Real Estate Analytics and charts from Compass 2024 kicked off with positive news for the real estate market, as interest rates continued their downward trend, with 30-year interest rates dropping below 7%, down to 6.61% as of the end of December. The Fed also signaled it will drop its benchmark rate this year, which could yield further declines in mortgage interest rates. With new inventory and renewed buyer interest, the San Francisco real estate market is poised to be busier this year.  Home Sales Volume and Prices 2023 sales volume was down about 27 ..read more

Setting the Stage for Success Your home gains a competitive edge with buyers because of two factors: the right price and the right property preparations. Thoughtful preparations and repairs along with beautiful staging help your home stand out in the market. Staging transforms empty rooms into stylish, turn-key, and beautiful living spaces that emphasize the home’s best features and create an emotional connection with buyers. Staging can also help potential buyers envision themselves living there. It may seem counterintuitive to spend money when you are planning to sell, but properly prepa ..read more

What’s New in San Francisco Real Estate Analytics and charts from Compass As the year comes to a close, the average weekly interest rate has now declined for the sixth straight week, an indicator that inflationary pressures are lowering. There is speculation that the Fed may lower rates sooner in 2024, and possibly more often, than what was previously expected. Regardless, financial markets rebounded substantially in November, and mortgage applications increased. Accordingly, we may see an increase in sales in December, when the market is typically slowest, and a bump in buyer ac ..read more

What’s New in San Francisco Real Estate Analytics and charts from Compass The fall market was impacted by global conflict, falling stock markets and interest rates jumping to their highest point in 23 years. On November 1st, the October jobs report came out, the Fed extended their pause on raising its benchmark rate, and the Treasury Department issued revised guidance pertaining to upcoming bond sales. As a result, by November 3rd, stock markets had logged their best week of the year, and interest rates saw a near-record decline. It’s too early to speculate on how these shifts will play o ..read more

What’s New in San Francisco Real Estate Analytics and charts from Compass The typically strong fall market was impacted by challenging economic indicators, with interest rates continuing to rise, lower stock markets, and new geopolitical conflict. The median house sales price in Q3 is down 6.5% from Q3 2022, while condos prices were down about 4%. New listings jumped in September and the supply of listings hit a YTD high, which may lead to increased sales towards the end of the month. House Price Trends Condo Price Trends New Listings Coming on Market Following typical season ..read more

What’s New in San Francisco Real Estate Analytics and charts from Compass The fall season begins after Labor Day and runs until early-mid November, when the market typically begins its the mid-winter holiday slowdown, with December usually seeing the lowest level of monthly sales activity. Historically speaking, September is often the single month of the year with the highest number of new listings and next month’s data will likely indicate an increase in inventory. Sales volume was lower in August of this year than the previous four years. House Price Trends Condo Price Trends ..read more

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What’s New in San Francisco Real Estate Analytics and charts from Compass As is typical, July saw the usual summer slowdown and August looks to be similarly quiet in the market, unlike last year when a sudden drop in interest rates sparked buyer demand in August. Economic indicators have not changed much from recent months, with interest rates hovering around 7% and inflation cooling slightly. As the fall market approaches, we do anticipate seeing more listings and activity in the market after Labor Day.  House Price Trends Year over year, median house sales prices in July w ..read more