|Please note: this SFAR data is for December 2020
December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market.
New Listings were down 3.5 percent for single family homes and 10.4 percent for Condo/TIC/Coop properties. Pending Sales increased 61.9 percent for single family homes and 91.4 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 9.1 percent to $1,582,000 for single family homes but decreased 8.2 percent to $1,100,000 for Condo/TIC/Coop properties. Months Supply of Inventory remained flat for single family units but was up 60.9 percent for Condo/TIC/Coop units.
With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market.
San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview