Market Updates

San Francisco County First Quarter Market Report

May 1, 2019

The median sales price growth was up by 11% in San Francisco this last quarter. However, in many major Bay Area counties, the housing market will continue to cool and home-price growth will stay low. There is a real chance prices could fall below 2018 levels. The mortgage rates will continue to rise in 2019, possibly impacting buyers’ purchasing power. The average number of days on market dropped in San Francisco, which indicates that the market is still very competitive. This differs from neighboring counties around the Bay, which have experienced a significant increase in their days on market. Many San Francisco sellers are continuing to receive multiple offers at the entry level, and even up to $3.5 million in some cases.

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