August 2019

The Median Sales Price was up 8.3 percent to $1,760,000 for single family homes and increased 11.1 percent to $1,445,142 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 13.0 percent for single family units and 17.9 percent for Condo/TIC/Coop units.

As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments.

New Listings were down 37.4 percent for single family homes and 40.8 percent for Condo/TIC/Coop properties. Pending Sales decreased 5.4 percent for single family homes and were down 22.5 percent for Condo/TIC/Coop properties.

San Francisco Condo/TIC/Coop Activity Overview

District 9: Central East Activity Overview

Sub-District 9 Statistics

Supply and Demand continues to be an issue into 2019. Median Sales Prices are up slightly in District 9. For the rental market, the rents are rising as demand is strong.  Based on the June 2019 SFARMLS data.

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