SF Housing Trends: March 2024 vs. Last Year - Insights into Market Shifts & Future Predictions!

📊San Francisco Real Estate Market Update
March 2024 vs. March 2023: Single-family homes and condos comparison. 📈 In March 2023, SF saw 243 new listings, while in 2024, it increased to 250, a 2.9% YoY rise.
Pending sales surged by 29.8%, and sold listings increased by 9.9% YoY. Median sales price saw a 3.1% YoY increase, now at $1,747,000. Homes sold faster, with days on the market dropping to 27, down by 15.6% YoY.
Active listings decreased by 21.3% YoY. 📉🏠💰 Despite slight fluctuations, SF remains a seller's market, with homes selling for 10.1% over asking price on average.
🏢 Condos & Co-ops in SF: In 2023, there were 362 new listings, almost the same as 360 in 2024. Pending sales rose by 11.9% YoY, but sold listings dipped by 23.8% YoY. Median sales price increased by 8.5% YoY to $1,150,000.
Active listings decreased by 6.6% YoY. 📉💰 While prices see a slight increase, the market remains relatively stable. With inventory dwindling, now's the time to consider your options in the SF real estate scene!
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RISE Homes is a leading San Francisco Bay Area real estate team. We specialize in residential real estate sales in all six of the SF Bay Area counties; San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, and Marin. We have agents and operations staff who specialize and are very familiar (most of us are SF Bay Area natives) with their respective geographic territory. Our primary focus is on helping our clients navigate the highly competitive San Francisco real estate market, and in the process, conducting ourselves with integrity and transparency while always focusing on continuous improvement.
Joe Polyak is the Founder of RISE Homes. Joe was born and raised in San Francisco, and currently lives in San Mateo, CA with his wife Valerie, daughter Autumn, their two dogs, Bonnie the pitbull-mutt and Daisy the pug, and their turtle, Donatello. Joe has been in real estate since 2010, and is a top 1% agent in the San Francisco Bay Area, with over $80,000,000 per year in sales volume. Joe built his business by specializing in probate/trust sales and working with and educating first time home buyers.

[@YasukeNakamoto]

Could you do a tour of the new townhomes at Yerba buena?

[@risehomes]

Hey there, I did make tour video's here:
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