Trends at a Glance (Single-family Homes)
| Aug 24 | Jul 24 | Aug 23 | |
|---|---|---|---|
| Home Sales | 156 | 199 | 137 |
| Median Price | $1,528,500 | $1,600,000 | $1,575,000 |
| Average Price | $2,071,390 | $1,983,853 | $1,951,150 |
| SP/LP | 105.9% | 108.6% | 105.0% |
| Days on Market | 32 | 23 | 31 |
Trends at a Glance (Lofts/Townhomes/TIC)
| Aug 24 | Jul 24 | Aug 23 | |
|---|---|---|---|
| Condo Sales | 183 | 198 | 144 |
| Median Price | $1,010,000 | $1,249,500 | $1,105,750 |
| Average Price | $1,240,028 | $1,298,062 | $1,229,808 |
| SP/LP | 99.1% | 100.7% | 98.6% |
| Days on Market | 65 | 54 | 59 |
Prices Mixed, Sales Up in August
- The median sales price for single-family homes fell 4.5% in August from July but was down 3% year-over-year.
- The average sales price for single-family homes was up 4.4% month-over-month and 6.2% year-over-year.
- Sales of single-family homes rose 13.9% year-over-year, with 156 homes sold last month. The average since 2000 is 214.
- The median sales price for condos/lofts was down 8.7% year-over-year.
- The average sales price for condos/lofts was up 0.8% year-over-year.
- Sales of condos/lofts rose 27.1% year-over-year, with 183 condos/lofts sold last month. The average since 2000 is 230.
- The sales price to list price ratio for homes fell from 108.6% to 105.9%. For condos/townhomes, it fell from 100.7% to 99.1%.
- Average days on market were 32 for homes and 65 for condos/lofts.
Momentum Statistics
Sales momentum:
- For homes, it rose from +3.0 to +6.2.
- For condos/lofts, it was up 6.3 points to –3.4.
Pricing momentum:
- For single-family homes, it fell by 0.1 point to +2.8.
- For condos/lofts, it fell by 1 point to –0.2.
Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.
If you are planning on selling your property, call me for a free comparative market analysis.
For the on-line report, go here:
https://rereport.com/sf/robb/
To read/print the complete monthly report, go here:
https://rereport.com/sdc/print/RobbFleischerSF.pdf
