As autumn falls on the Bay Area, it’s the perfect time for another San Francisco real estate market update! 🍂
As usual, the SF market continues to evolve, presenting both challenges and opportunities for buyers and sellers. Mortgage rates remain the elephant in the room, and recent fluctuations in rates have undoubtedly influenced market dynamics. So what’s the latest?
Well, there have been ups and downs. After falling recently to their lowest levels in nearly two years, mortgage rates jumped back up significantly last Friday following a strong jobs report, with the average 30-year fixed rate climbing from 6.26% to 6.53%. (Keep in mind that well-qualified SF buyers often secure significantly lower rates than the headline national average.)
Even after this recent bump, the good news is that mortgage rates, and the wider SF Bay Area housing market, are still in a much better position than one year ago.
The Federal Reserve's ongoing efforts to combat inflation and unemployment have had a ripple effect on the housing market. While this has created some headwinds, there are signs of stabilization and even modest growth in certain segments of the San Francisco market.
The California Association of Realtors' 2025 forecast projects approximately 5% price growth and a 10% increase in home sales across the state. This cautiously optimistic outlook reinforces that, despite the volatility we’ve recently seen, the market is positioned for gradual, long-term improvement.
For those considering a home purchase in San Francisco, the current market presents some unique opportunities. With a wider selection of properties available compared to recent years, buyers have more options to explore across the city's diverse neighborhoods.
Smart buyers are taking advantage of this period to:
Our team of experienced San Francisco home buyer's agents can provide invaluable info into market trends and help you navigate the complex, competitive, and often exciting landscape of San Francisco real estate.
For homeowners considering selling, it's essential to approach the market with a well-crafted strategy. While the days of multiple offers significantly over asking price may be less common, properties that are priced correctly and presented effectively are still attracting serious buyers—sometimes in droves.
Key considerations for sellers include:
Our team of top San Francisco listing agents can guide you through the process, ensuring your property stands out in today's market.
As we look towards the future, several factors will likely influence San Francisco's real estate market:
While it's impossible to predict with certainty, our team stays abreast of market trends and economic indicators to provide our clients with the most up-to-date information and advice. Watch this space! 📺👀
Whether you're a first-time homebuyer, a growing family looking to upsize, or an investor seeking new opportunities, the Danielle Lazier & Vivre Real Estate team is here to help. Our deep experience within San Francisco's real estate market, combined with our proven, organized process and commitment to client success, makes us the ideal partner for your real estate journey.
Ready to explore your options and see if we’re a good fit? Contact us today to schedule a no-pressure consultation, and let's chat about your personal situation and real estate goals. We look forward to hearing from you.
