The following is adapted from the April 2024 Monthly Indicators report published by the San Francisco Association of REALTORS®.
Elevated mortgage interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. The benchmark 30-year fixed rate spent the second half of the month above 7 percent, reaching the highest levels since November 2023 according to Freddie Mac. Meanwhile, the nationwide median existing-home price recently marked a ninth consecutive month of year-over-year growth.
In San Francisco, year-over-year, New Listings were up 21.0 percent for Single-Family homes and 26.0 percent for Condo/TIC/Coop properties. Pending Sales increased 21.0 percent for Single-Family homes and 18.8 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 13.7 percent to $1,775,000 for Single-Family homes but slid 6.4 percent to $1,100,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 15.0 percent for Single-Family units but was up 16.2 percent for Condo/TIC/Coop units.
Warmer temperatures appear to have helped bring some sellers back to the market. Nationally, total inventory was up 4.7 percent month-over-month and 14.4 percent year-over-year according to the National Association of REALTORS®. Demand nevertheless continues to outpace supply and properties are selling in less time.
District 1
Central Richmond, Inner Richmond, Jordan Park / Laurel Heights, Lake Street, Lone Mountain, Outer Richmond, Sea Cliff
District 2
Central Sunset, Golden Gate Heights, Inner Parkside, Inner Sunset, Outer Parkside, Outer Sunset, Parkside
District 3
Ingleside, Ingleside Heights, Lake Shore, Lakeside, Merced Heights, Merced Manor, Pine Lake Park, Stonestown
District 4
Balboa Terrace, Diamond Heights, Forest Hill, Forest Hill Extension, Forest Knolls, Ingleside Terrace, Midtown Terrace, Miraloma Park, Monterey Heights, Mount Davidson Manor, Sherwood Forest, St. Francis Wood, Sunnyside, West Portal, Westwood Highlands, Westwood Park
District 5
Buena Vista / Ashbury Heights, Clarendon Heights, Cole Valley / Parnassus Heights, Corona Heights, Duboce Triangle, Eureka Valley / Dolores Heights, Glen Park, Haight Ashbury, Mission Dolores, Noe Valley, Twin Peaks
District 6
Alamo Square, Anza Vista, Hayes Valley, Lower Pacific Heights, North Panhandle, Western Addition
District 7
Cow Hollow, Marina District, Pacific Heights, Presidio Heights
District 8
Downtown, Financial District, Nob Hill, North Beach, North Waterfront, Russian Hill, Civic Center, Telegraph Hill, Tenderloin
District 9
Bernal Heights, Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach, South of Market, Yerba Buena
District 10
Bayview, Bayview Heights, Candlestick Point, Crocker Amazon, Excelsior, Hunters Point, Little Hollywood, Mission Terrance, Outer Mission, Portola, Silver Terrace, Visitacion Valley
