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San Francisco Home Prices, Market Conditions & Trends May 2023

Looking at the overall Bay Area, buyer demand has continued to rebound from its late 2022 nadir. Though mortgage applications are still well down year over year, many buyers have accepted higher interest rates as the new normal and decided to move forward – and rates have recently been trending downward.

San Francisco Home Prices, Market Conditions & Trends May 20232023-05-08T20:07:19+00:00

San Francisco Home Prices, Market Conditions & Trends April 2023

The Market Continues to Recover, But with Many Dynamics at Play. Buyer demand continued to rebound from the depths of the mid-winter slowdown: The number and percentage of listings going into contract, and overbidding percentages continued to climb, and days-on-market to drop as the spring selling season gained traction.  

San Francisco Home Prices, Market Conditions & Trends April 20232023-04-10T15:57:08+00:00

San Francisco Home Prices, Market Conditions Trends March 2023

2023 Market Indicators Turn Positive (But Interest Rates Climb Again). After the acute decline in market activity occurring in the 2nd half of 2022, buyer demand rebounded dramatically and most market indicators turned positive in early 2023: Open house traffic, number of offers, and overbidding and absorption rates all saw improvement.         [...]

San Francisco Home Prices, Market Conditions Trends March 20232023-03-21T21:26:32+00:00

San Francisco Home Prices, Market Conditions Trends February 2023

Early 2023 Data Suggests Buyers Are Beginning to Jump Back In. December is typically the month that sees the year’s lowest level of deal-making activity – i.e. listings accepting offers (going into contract) – which leads to January usually posting the lowest monthly number of closed sales. (Sales typically close 3 to 6 weeks after [...]

San Francisco Home Prices, Market Conditions Trends February 20232023-03-21T21:34:22+00:00

San Francisco Home Prices, Market Conditions & Trends February 2023

Early 2023 Data Suggests Buyers Are Beginning to Jump Back In. December is typically the month that sees the year’s lowest level of deal-making activity – i.e. listings accepting offers (going into contract) – which leads to January usually posting the lowest monthly number of closed sales. (Sales typically close 3 to 6 weeks after [...]

San Francisco Home Prices, Market Conditions & Trends February 20232023-02-07T18:39:32+00:00
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