2020 was a year of unusual social, political, economic, and environmental extremes, creating volatility in the market and general uncertainty. This past year, the real estate market in San Francisco saw complicated dynamics in supply and demand, with a strong recovery after an initial crash in activity.
The new year began with a shocking start, but on the heels of a thankfully uneventful inauguration, and a hopefully improved vaccine rollout, a more stable environment is on the horizon.
With continuing low interest rates, the last months of 2020 saw a much higher level of activity than in previous years (with more than double the number of accepted offers than in 2019) paving the way for the first quarter in 2021.
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.