In July, the median sales price for a single family home in San Francisco jumped 25.2% to $2.05 million compared to last year. At the same time inventory fell 40.9%, year over year.
For Condos, the median sale price increased 13.6% year-over-year to $1.25 million, while inventory declined 42.5%.
As we move toward the fall, the San Francisco real estate market typically sees an influx of new listings. If you are looking to buy or sell in San Francisco, please reach out. It is important to be prepared and react quickly to any changes in the market.
Happy Labor Day and please enjoy the end of your summer!
Cece & Team
