What’s Happening In The Market? November Update

October continued to be busier than the calendar normally suggests. Buyer activity remains higher than normal for this time of year, while in many segments of the market housing supply remains much lower than one year ago. Multiple offers remain a common occurrence in many areas, keeping housing hot while the temperatures continue to fall.

New Listings were up 18.0 percent for single family homes and 26.2 percent for Condo/TIC/Coop properties. Pending Sales increased 17.8 percent for single family homes and 7.2 percent for Condo/TIC/Coop properties.

The Median Sales Price was down 1.5 percent to $1,625,555 for single family homes and 12.6 percent to $1,157,500 for Condo/TIC/Coop properties. Months Supply of Inventory increased 30.0 percent for single family units and 100.0 percent for Condo/TIC/Coop units.

Mortgage rates dropped to new record lows again in October, helping to offset the monthly mortgage payment increases caused by the rise in home prices seen in many segments of the market across the country. While prices often dip a bit in the winter months, continued buyer demand may temper any price
retreats this year.

San Francisco Condo/TIC/Coop Activity Overview

District 9: Central East Activity Overview

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Sub-District 9 Statistics

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