Market Charts

The median sales price for single-family homes in San Francisco for May 2015 was $1,400,000. This represents an increase of 28.4%, or $309,500 compared to May 2014. Condos have seen a $185,000 increase in median sales price, or 19.7%, to $1,125,000 for the same period. Average days on market has remained very low with a further decrease crease from 26 to 23 days for single family homes; and a slight increase from 29 up to 32 days for condos. This isn’t surprising as the pressure of low inventory continues to have an impact on both sales price and time on market. Speaking of inventory, there were 1,199 home sales (single-family and condos combined) during the month of May, which represents a decrease of 11.7% compared to the same month last year. Homes continue to sell quickly and often above asking price as well, with single family homes selling at 110% of original price and condos selling at 109.2% of original asking price. For more details on your specific neighborhood, please contact me.

To view the charts, click here