This video is part of the SFhotlist Monthly Market Update Video Series. Each week, we provide you with a short video with updated information about San Francisco real estate and the neighborhoods you love. Let us know if there is something specific you’d like to know.
San Francisco Condominium Real Estate Market Update – February 2015
Let’s take a look at San Francisco’s condominium real estate activity in February.
The number of active listings was down 23% from one year earlier and was up 4% from the previous month.
The median listing price for the month was just under $1.1 million. Compared to last year, San Francisco condominiums are moving faster. The average number of days units spent on the market before being sold was down 20%.
Inventory continues to be low — the number of units sold decreased 29% year-over-year and held steady month-over-month.
The Take Home
- Number of active listings: Down 23% year over year
- Number of active listings: Down 4% month over month
- Median listing price: $1.1 million
- Average number of days on the market before sale: Down 20%
If you, a friend, or a colleague is interested in buying a condominium in San Francisco, let’s talk.