The Spring Market Began in January & Continues to Accelerate
New listings up 10%
Listings Pending Sale up 95%
Luxury House Sales up 87%
At the beginning of the new year, it is not unusual for buyers to jump back in much sooner than sellers, putting demand ahead of supply and accelerating the market as spring gets underway. When demand surges while new listings lag behind, buyers must increasingly compete, often heatedly, for appealing homes. This imbalance in supply and demand adds considerable pressure to the market with overbidding and price increases becoming much more common. And this has occurred with a vengeance in early 2021, especially within the city’s house market.
This report will look at median house and condo list and sales prices, supply and demand from a variety of angles, the surge in luxury home sales, and the recent jump in interest rates.
The charts are meant to be self explanatory but your questions are always welcome.
San Francisco House Sales
Median House Sales Prices
House Sales by Month
San Francisco Condo Sales
Median Condo/TIC/Co-op Sales Prices
Condo/TIC/Co-op Sales by Month
San Francisco Market Snapshot
Supply & Demand by Property Type
New Listings Coming on Market
Active Listings on Market
Active Listings on Market by Price Segment
Listings Pending Sale
Home Sales Breakdown by Property Type & Bedroom Count
San Francisco Luxury Home Sales
San Francisco Luxury House Market by Neighborhood
San Francisco Luxury House Market Seasonality
San Francisco Ultra-Luxury House Market
San Francisco Luxury Condo/TIC/Co-op Market Sales by Neighborhood
San Francisco Luxury Condo/TIC/Co-op Market Sales Prices
Mortgages and Interest Rates
Mortgage Interest Rate Trends
Mortgage Debt Service Payments as a Percentage of Disposable Personal Income