Please note: this data is for January 2020
For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the longterm NAR economist predicts. He is also expecting the new-home construction market sales to increase 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.
New Listings were down 33.9 percent for single family homes and 33.2 percent for Condo/TIC/Coop properties. Pending Sales increased 14.6 percent for single family homes and 26.4 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 5.3 percent to $1,462,500 for single family
homes and 13.7 percent to $1,182,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 33.3 percent for single family units and 21.4 percent for Condo/TIC/Coop units.
We start off the year with continued low interest rates, low unemployment, and rising rents nationally. These factors should encourage healthy buyer demand and sets us up for a strong start to the 2020 housing market and a lot of optimism for the coming spring market.
San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview