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 Single Family Homes Market Update – January 2016
The number of active listings was down 26% from one year earlier and up 30% from the previous month.
As you can see, the median listing price for the month was $1.25 million, while the median sales price was just over $1.15 million.
Compared to last year, the average number of days that units spent on the market before being sold was down 9%. The number of units sold decreased 8% year-over-year and decreased 51% month-over-month.
The Take Home
- Number of active listings: Down 26% year-over-year
- Number of active listings: Up 30% month-over-month
- Median listing price: $1.16 million
- Average number of days on the market before sale: Down 9%
If you’d like to know more about San Francisco single family homes or anything else about the latest in San Francisco real estate, don’t hesitate to reach out. Let’s talk!