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. This week we cover San Francisco condominiums. Let us know if there is something specific you’d like to know.
San Francisco Condominiums Market Update – May 2016
The number of active listings was up 31% from one year earlier and did not change from the previous month.
As you can see, the median listing price for the month was just under $1.1 million, while the median sales price was $1.1 million.
Compared to last year, the average number of days that units spent on the market before being sold was up 9%. The number of units sold decreased 14% year-over-year and increased 12% month-over-month.
The Take Home
- Number of active listings: up 31% year-over-year
- Number of active listings: did not change month-over-month
- Median listing price: $1.09 million
- Average number of days on the market before sale: up 9%
If you’d like to know more about San Francisco condominiums or anything else about the latest in San Francisco real estate, don’t hesitate to reach out. Let’s talk!