Generally speaking, through March 2025, Bay Area markets strengthened as the Spring selling season gained steam: Sales volume and overbidding increased, and homes sold quicker. The quantity of new and active listings rose across the Bay Area - sometimes very substantially - though San Francisco saw among the smallest increases. Luxury home sales out-performed the overall market, as affluent buyers continued to play an outsized role in Q1.
Year over Year, the Single Family Home Market has enjoyed increased sales metrics across the board including a +4.1% increase in Median Sales Price and an increase of +18.8% in Sold Listings!
The Condo market had a huge increase in #of Sales (+18.6%) although the Median Sales price was down -6.5%.
With a shortage of good Single Family Homes to meet the current demand, the Condo market offers a Buying opportunity that will not likely last much longer!
Call for more information or to discuss your real estate goals!
Cece & Team