In February, there was an increase in real estate activity and demand, as more listings went into contract, homes sold faster, and many sold for more than the listing price. Unlike other areas in the Bay region, San Francisco hasn't experienced a big rise in the number of homes for sale; the housing supply has stayed fairly consistent over the past four years. Since the pandemic, the market for houses has been more active compared to condos, though sales of luxury condos and co-ops have surged in the first two months of 2025.
By early March, inflation had risen for the fourth consecutive month, but the Federal Reserve kept interest rates unchanged. Despite this, overall interest rates have fallen for the last seven weeks, while the stock market has faced two weeks of significant losses. The political landscape, both nationally and globally, remains unpredictable and uncertain.
As we head into the spring selling season, which is usually the busiest time of the year, it's common to see the highest median home sales prices during this period.