What’s Happening in the Market? June Update

What's Happening In The Market?
June Update

Please note: this SFAR data is for May 2022

After two years of record-setting activity, there are signs the housing market might be cooling. High home prices and a surge in mortgage interest rates are slowing buyer activity, with home sales declining for the third consecutive month under the weight of soaring homeownership costs. The National Association of REALTORS® (NAR) reports existing home sales were down 2.4% from the previous month, while pending sales fell 3.9% as of last measure, extending the trend of recent months. Economists predict sales will continue to soften in the near future, which may put downward pressure on home prices.

New Listings were down 24.8 percent for single family homes and 30.4 percent for Condo/TIC/Coop properties. Pending Sales decreased 22.5 percent for single family homes and 29.3 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 6.8 percent to $2,015,000 for single family homes but decreased 0.2 percent to $1,225,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 32.0 percent for single family units and 15.9 percent for Condo/TIC/Coop units.

The slowdown in sales has provided a much-needed lift to housing supply, with inventory up 10.8% from the previous month according to NAR, although supply remains down 10.4% compared to this time last year, with only 2.2 months’ supply of homes at the current sales pace. As the nation continues to explore ways to solve the ongoing housing shortage, estimated at 5.5 million homes, the Biden administration recently unveiled the Housing Supply Action Plan, which aims to expand housing access through a number of administrative and legislative actions and help relieve the nation’s housing crisis over the next 5 years.

San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview

Sub-District 9 Statistics

Based on May SFARMLS month over month data.

The Return to the office July 12th!
For Condo sales, Supply and Demand continues to be an issue for the Summer. Price per Square foot is lower. For the Rental market, the rents are rising as demand is Strong for July 12th return to the office.

Please call me any time for information about the neighborhood or current market conditions. My successful marketing plan has been raising property values over the years. Let’s make it work for you too.

Read my testimonials:


Museum Parc Condo
Yerba Buena


One of a Kind!
Bedrooms: 2 / Bathrooms: 2
Architecturally Updated
~ 1472 Square Feet
Lush Courtyard Views
Lovely Wood Floors
Buy it Now Prior to Staging
Museum Parc Condo
Yerba Buena

Penthouse Studio with Sleeping Alcove
Bedrooms: 0 / Bathrooms: 1
14th Floor
Panoramic SkyLine View
Ceiling Higher than Floors 1-13
Tons of Natural Light
Generous Walk-In Closet
Buy it Now Prior to Staging


1395-1397 18th Ave
San Francisco, CA
Call For Showing Schedule
Asking $2,098,000

2 Unit Building + Street Level Room & Bath ~ 2647 Sqft
2 Full Floor Flats: 2 BRs, 1 BA. Living Room/Dining w/ Fireplace
1 Street Level Room & Bath are legal but warranted
Units Occupied (Do not disturb tenants)
Convenient to UCSF, Golden Gate Park, Shops, markets & restaurants
Inner Sunset District


201 Harrison #908
COMING SOON - Call For Details

Bedrooms: 1 / Bathrooms: 1
Bridge Views, Parking, Amenities

Millennium 5F
301 Mission Street, San Francisco

Available July 1 - $5500 / mo 

2 Bedrooms / 2 Bathrooms – 1136 SqFt

Resort Style Amenities, Easy walk to Financial District/ Salesforce, Google, FB, Apple, Courtyard Views, In Unit W/D, Leased Parking

1545 Franklin St (Lower Pac Heights)
Asking $6200 / mo
Edwardian Flat
Bedrooms: 3-4
Bathrooms: 2.5
~ 1700 Square Feet, W/D
Bedrooms: 1 / Bathrooms: 1
Sunny, South East Views
Square Footage: ~ 946
Bedrooms: 1 / Bathrooms: 1.5
Courtyard Views
Square Footage: ~1000

Millennium 5F
301 Mission Street, San Francisco


2 Bedrooms + Den (3rd BR) / 3 Bathrooms – 1845 SqFt

Arden #112
2 Bedrooms / 2 Bathrooms + Den
City & Creek Views
Museum Parc #522
Bedrooms: 1 / Bathrooms: 1
Lovely Wood Floors
Square Footage: ~ 871