April 2019
In addition to the quandary of ongoing housing price increases and affordability concerns in many markets, the first quarter of 2019 saw a fair share of adverse weather as well.
New Listings were down 34.1 percent for single family homes and 26.9 percent for Condo/TIC/Coop properties. Pending Sales decreased 3.7 percent for single family hoess and 12.5 percent for Condo/TIC/Coop properties.
The Median Sales Price was down 2.2 percent to $1,650,000 for single family homes but remained flat at $1,250,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 9.5 percent for single family units and 11.5 percent for Condo/TIC/Coop units.
The Federal Reserve recently announced that no further interest rate hikes are planned for 2019.
San Francisco Condo/TIC/Coop Activity Overview
New Listings are down 20.2 percent
Median Sales Price was up .4 percent
Days on Market was up 11.1 percent
District 9: Central East Activity Overview
New Listings are down 21.6 percent
Median Sales Price is up 9.4 percent
Days on Market is up 3.4 percent
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Sub-District 9 Statistics
Supply and Demand continues to be an issue into 2019. Median Sales Prices and Days on the Market (DOM) in District 9 are up slightly. For the rental market, the rents are rising as demand is strong. The chart below compares the city to our neighborhoods for condos/lofts. Based on the March 2019 SFARMLS data.
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