|November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month.
New Listings were up 13.1 percent for single family homes and 1.3 percent for Condo/TIC/Coop properties. Pending Sales increased 42.1 percent for single family homes and 24.9 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 5.7 percent to $1,695,000 for single family homes and 1.7 percent to $1,200,000 for Condo/TIC/Coop properties. Months Supply of Inventory increased 20.0 percent for single family units and 96.9 percent for Condo/TIC/Coop units.
Showing activity remains higher than the same period a year ago across most of the country, suggesting that strong buyer demand is likely to continue into what is typically the slowest time of year. With inventory remaining constrained in most market segments, sellers continue to benefit from the tight market conditions.
San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview