Real Estate Market Update for Summer 2019
What’s New in San Francisco Real Estate
July & August 2019
Analytics and charts from Compass
San Francisco hits new highs in median home sales prices.
The past two quarters saw no or negative year-over-year home price appreciation. In the second quarter of 2019, a confluence of positive economic factors (including high stock markets, low interest rates, and limited inventory) sent San Francisco median home sales prices to new peaks.
On a quarterly basis, the median house sales price hit $1,700,000—$80,000 above the previous peak in Q2 2018. For condos, the new quarterly median price peak was $1,250,00—slightly above last year’s high of $1,235,000.
Looking Ahead to Autumn
Though spring is the biggest overall selling season in San Francisco, the single month with the highest number of new listings is typically September.
This big surge fuels the relatively short autumn selling season—highlighted by the dramatic spike in sales in October. In November, activity begins to plunge for the mid-winter holidays—though homes continue to sell in every season.
Source: Compass Bay Area Market Reports
The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information.
