Trends at a Glance (Single-family Homes)
| May 24 | Apr 24 | May 23 | |
|---|---|---|---|
| Home Sales | 217 | 211 | 184 |
| Median Price | $1,701,000 | $1,775,000 | $1,650,000 |
| Average Price | $2,191,885 | $2,396,204 | $2,138,057 |
| SP/LP | 108.8% | 107.5% | 104.1% |
| Days on Market | 22 | 22 | 28 |
Trends at a Glance (Lofts/Townhomes/TIC)
| May 24 | Apr 24 | May 23 | |
|---|---|---|---|
| Condo Sales | 252 | 189 | 221 |
| Median Price | $1,150,000 | $1,080,000 | $1,150,000 |
| Average Price | $1,383,468 | $1,260,484 | $1,189,507 |
| SP/LP | 103.2% | 100.7% | 99.9% |
| Days on Market | 44 | 57 | 56 |
Prices Mixed, Sales Up in May
- The median sales price for single-family homes fell 4.2% in May from April but was up 3.1% year-over-year.
- The average sales price for single-family homes was down 8.5% month-over-month but up 2.5% year-over-year.
- Sales of single-family homes rose 17.9% year-over-year, with 217 homes sold last month. The average since 2000 is 214.
- The median sales price for condos/lofts was flat year-over-year.
- The average sales price for condos/lofts was up 16.3% year-over-year.
Sales of condos/lofts rose 14% year-over-year, with 252 condos/lofts sold last month. The average since 2000 is 230.
- The sales price to list price ratio for homes rose from 107.5% to 108.8%. For condos/townhomes, it rose from 100.7% to 103.2%.
- Average days on market were 22 for homes and 44 for condos/lofts.
Momentum Statistics
Sales momentum:
- For homes, it rose from –7.9 to –1.5.
- For condos/lofts, it was down 8 points to –18.
Pricing momentum:
- For single-family homes, it rose 2.1 points to –0.6.
- For condos/lofts, it rose 0.4 of a point to –1.1.
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 for a personalized 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
