Feature image for SF: March 2024 Market Stats

March 11, 2024

SF: March 2024 Market Stats

By Compass


The Market Accelerates Rapidly Moving into Spring

There is a growing sense that in 2023 San Francisco hit its post-pandemic low - economically, socially, and certainly in media coverage - and that it has now begun a significant recovery on all those fronts. Most importantly, confidence is rebounding in San Francisco's future as a financial and cultural center, as the heart, along with Silicon Valley, of the next big technology boom (Al), and simply as one of the great cities of the world.

Along with substantial macroeconomic improvements in interest rates (though they ticked up a little in February), financial markets - which recently hit all-time highs - and consumer confidence, these factors are also triggering a recovery in its housing market. This is now beginning to show up across a wide variety of indicators as we move into the spring selling season, typically the most active of the year.

Monthly Home Sales Volume San Francisco Market Dynamics & SeasonalitySan Francisco Higher-Price Home Sales* Homes Selling for $3 Million+San Francisco CONDO Price Trends since 2005 Median Condo Sales Price, 3-Month RollingSan Francisco CONDO Prices: Downtown vs. Non-Downtown 3-Month-Rolling, Median Condo Sales Prices since 2005*San Francisco: Homes for Sale Active/Coming-Soon Listings*San Francisco: Homes for Sale Active/Coming-Soon Listings by Realtor District*New Listings Coming on Market San Francisco Market Dynamics & SeasonalityPercentage of Listings Accepting Offers San Francisco: Absorption Rate by MonthOverbidding List Prices in San Francisco Percentage of Home Sales Closing over List PriceAverage Days on Market - Speed of Sale San Francisco Market Dynamics & SeasonalityAverage Sales Price to Original List Price Percentage San Francisco Over/Under Bidding: Market Dynamics & SeasonalitySan Francisco Homes Market Active & Coming-Soon Listings on 1st of Month*Listings Pending Sale (in Contract, Offer Accepted) San Francisco Market Dynamics & SeasonalityPrice Reductions on Active Listings San Francisco Market Dynamics & SeasonalityMortgage Interest Rates in 2023-2024 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings*San Francisco HOUSE Price Trends since 1990 Monthly Median House Sales Prices, 3-Month Rolling

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