Trends at a Glance (Single-family Homes)
| Jul 24 | Jun 24 | Jul 23 | |
|---|---|---|---|
| Home Sales | 199 | 191 | 151 |
| Median Price | $1,600,000 | $1,631,000 | $1,450,000 |
| Average Price | $1,983,853 | $2,120,119 | $1,830,962 |
| SP/LP | 108.6% | 109.1% | 105.2% |
| Days on Market | 23 | 29 | 25 |
Trends at a Glance (Lofts/Townhomes/TIC)
| Jul 24 | Jun 24 | Jul 23 | |
|---|---|---|---|
| Condo Sales | 198 | 169 | 160 |
| Median Price | $1,249,500 | $1,098,000 | $1,145,000 |
| Average Price | $1,298,062 | $1,282,903 | $1,222,515 |
| SP/LP | 100.7% | 99.2% | 99.4% |
| Days on Market | 54 | 43 | 53 |
Home Prices & Sales Up in July
- The median sales price for single-family homes fell 1.9% in July from June but was up 10.3% year-over-year.
- The average sales price for single-family homes was down 6.4% month-over-month but up 8.4% year-over-year.
- Sales of single-family homes rose 31.8% year-over-year, with 199 homes sold last month. The average since 2000 is 214.
- The median sales price for condos/lofts was up 9.1% year-over-year.
- The average sales price for condos/lofts was up 6.2% year-over-year.
- Sales of condos/lofts rose 23.8% year-over-year, with 198 condos/lofts sold last month. The average since 2000 is 230.
- The sales price to list price ratio for homes fell from 109.1% to 108.6%. For condos/townhomes, it rose from 99.2% to 100.7%.
- Average days on market were 23 for homes and 54 for condos/lofts.
Momentum Statistics
Sales momentum:
- For homes, it rose from –0.8 to +3.0.
- For condos/lofts, it was up 5.2 points to –9.7.
Pricing momentum:
- For single-family homes, it rose 1.9 points to +2.9.
- For condos/lofts, it rose 1.2 points to +1.2.
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
