From our recent newsletter (you're subscribed, right? 😉), let's dive right into the latest on the San Francisco real estate market!
After two dreary years for SF real estate, the market is heating up this spring. Home prices, sales volume, luxury sales, new listings, and overbidding are all on the rise. But not every listing is flying off the shelves—price reductions are also up. Strategically pricing and presenting your home is still key.
If you take one thing from the data, it’s that San Francisco real estate is in recovery, not a frenzy a la 2021. It’s easy to see big jumps in the numbers when comparing to recent lows. However, these are all positive signs for a healthier market and greater mobility for both first-time buyers and sellers looking to move within the city.
Meanwhile, the CPI inflation rate ticked up to 3.5% in March, which nudged mortgage rates back above 7%. The Fed has been playing it cool since August, and while there's been a lot of speculation about rate cuts, none have materialized. With rates steady, if not falling, buyers and sellers are rolling with the punches and moving forward with their plans.
Quick aside—our website just got a major facelift ✨ along with market insights and neighborhood guides. Check it out while you're here!
🏙️ Is this affluent S.F. neighborhood downtown's new epicenter? - SF Chronicle
📖 Living out its final days in the Presidio, a press forges the world’s most beautiful books - SF Standard
🚲 Like to bike? Your knees will thank you and you may live longer, too - NPR
🛣️ California Street is a microcosm of SF's new office reality - SF Standard
