What’s Happening in the Market? February 2025 Update

What’s Happening In The Market?
February Updates

Please note: this SFAR data is for Jan 2025

U.S. existing-home sales advanced for the third straight month, climbing 2.2% to a seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to the National Association of REALTORS® (NAR). Sales were up 9.3% year-over-year, driven largely by purchases of homes priced $500,000 and above. Month-over-month, sales rose in the South, Northeast, and the West but fell in the Midwest, with all four regions reporting year-over-year gains.

New Listings were up 18.4 percent for single family homes and 17.6 percent for Condo/TIC/Coop properties. Pending Sales increased 22.6 percent for single family homes and 34.6 percent for Condo/TIC/Coop properties.

The Median Sales Price was down 9.7 percent to $1,422,500 for single family homes and 10.0 percent to $990,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 26.7 percent for single family units and 17.6 percent for Condo/TIC/Coop units.

According to NAR, total housing inventory was 1.15 million units heading into January, a 13.5% decrease from the previous month but a 16.2% increase from the same period one year earlier, for a 3.3-month supply at the current sales pace. Housing supply remains down compared to pre-pandemic levels, and the limited number of homes on the market continues to push sales prices higher nationwide, with the median existing-home price rising 6% year-over-year to $404,400.

Based on Jan SFARMLS month over month data.

I’m very pleased to be able to work with Jane and am happy to recommend her to prospective clients. I first connected with her when I made a brief stop in San Francisco to discuss the possibility of working together. She was easy to talk to, highly responsive, professional, and to the point. She knew the property and the market very well, as she later helped us find a tenant at the exact rate and time frame she first suggested.

What really stood out to me was when there was a major leakage in the building, leading to substantial property damage while I was out of town. Jane was on top of the problem right away — even before we had any formal agreement in place. She expertly guided us through the insurance and repair process, which saved me from potentially months of stress. She quickly took charge, helping us manage furniture, and arranged reflooring, repainting, and styling choices. When we discovered that the original flooring material was out of production and needed replacing, her eye for interior design proved invaluable. Having seen her work on remodeling another unit, I found her recommendations very sensible and helpful.

Jane’s got quite the skillset and I’m sure you’ll be glad to work with her too.

 and 

Museum Parc – 7th Floor

For Sale – Asking $698,000

Description:
Yerba Buena District
Bedrooms: 1 / Bathrooms: 1
Lovely Courtyard View
Fully Updated Balcony
Wood floors, In-Unit Laundry
Call for details!

Museum Parc – 9th Floor

For Lease – Asking $4,800

Description:
Bedrooms: 2 / Bathrooms: 2
Furnished
Courtyard View
Fully Updated
Wood floors – Living Area
Carpet – Bedrooms
In-Unit Laundry
Call for details!

Museum Parc – 3rd Floor

For Lease – Asking $3,350

Description:
Bedrooms: 1 / Bathrooms: 1
Furnished Option
City View
Large Balcony
Fully Updated
Wood floors – Living Area
Carpet – Bedroom
In-Unit Laundry
Call for details!

350 Broderick St in NOPA

For Lease – May 2025

Description:
Bedrooms: 2 / Bathrooms: 2
Furnished Option
Large Balcony
Fully Updated
Wood floors – Living Area
Carpet – Bedroom
In-Unit Laundry
Grocery On Site
Close to the Park
Call for details!