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San Francisco - Real Estate Market Focus Data ( May 2024 )
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San Francisco - Real Estate Market Focus Data ( May 2024 )
1.
May 2024 Monthly
Snapshot One-Year Change in One-Year Change in Median Sales Price Single Family Median Sales Price Condo/TIC/Coop 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Monthly Indicators + 1.8% + 8.2% + 3.7% One-Year Change in U.S. existing-home sales fell for the second month in a row, sliding 1.9% month- over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer. New Listings were up 6.5 percent for single family homes and 22.5 percent for Condo/TIC/Coop properties. Pending Sales increased 15.3 percent for single family homes and 23.2 percent for Condo/TIC/Coop properties. The Median Sales Price was up 1.8 percent to $1,680,000 for single family homes and 8.2 percent to $1,150,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 9.5 percent for single family units but was up 12.5 percent for Condo/TIC/Coop units. Home prices have continued to climb nationwide, despite an uptick in inventory this year. Nationally, the median existing-home price reached $407,600 as of last measure, a 5.7% increase from the same period last year and a record high for the month, according to NAR. Meanwhile, total inventory heading into May stood at 1.21 million units, a 9% increase month-over-month and a 16.3% increase year-over-year, for a 3.5 month’s supply at the current sales pace. Median Sales Price All Property Types Residential real estate activity in San Francisco County (Districts 1-10) composed of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Single Family Activity Overview Months Supply of Inventory For questions or more information, contact communications@sfrealtors.com. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. Condo/TIC/Coop Activity Overview Inventory of Active Listings % of Properties Sold Over List Price % of List Price Received Housing Affordability Ratio All Properties Activity Overview New Listings Pending Sales Sold Listings Median Sales Price Average Sales Price Days on Market Until Sale Activity by District
2.
Single Family Activity
Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 5-2023 5-2024 Percent Change YTD 2023 YTD 2024 Percent Change Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 2 Months Supply 2.1 1.9 - 9.5% -- -- -- Affordability Ratio 25 23 - 8.0% % of List Price Received 108.2% 113.7% + 5.1% 106.5% 26 70.3% + 20.6% + 4.1% 23 - 11.5% 110.9% % of Properties Sold Over List Price 63.0% 82.2% + 30.5% 58.3% Active Listings 357 321 - 10.1% -- Avg. Sales Price $2,141,045 $2,212,667 + 3.3% $2,094,421 Days on Market 28 23 - 17.9% 33 30 - 9.1% $2,257,312 -- -- Median Sales Price $1,650,000 $1,680,000 + 1.8% $1,560,000 Sold Listings 189 225 + 19.0% 715 New Listings 277 295 + 6.5% 1,099 Pending Sales 209 241 + 15.3% + 21.1% 776 940 + 14.1% 1,254 848 + 18.6% $1,697,500 + 8.8% + 7.8% 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024
3.
Condo/TIC/Coop Activity Overview Key
metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 5-2023 5-2024 Percent Change YTD 2023 YTD 2024 Percent Change Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 3 Months Supply 4.0 4.5 + 12.5% -- -- -- Affordability Ratio 43 38 - 11.6% % of List Price Received 100.1% 102.7% + 2.6% 99.7% 42 36.9% + 10.5% + 1.4% 39 - 7.1% 101.1% % of Properties Sold Over List Price 40.9% 45.8% + 12.0% 33.4% Active Listings 807 857 + 6.2% -- Avg. Sales Price $1,171,111 $1,389,316 + 18.6% $1,255,046 Days on Market 52 45 - 13.5% 59 $1,122,500 + 2.5% + 5.5% 55 - 6.8% $1,324,552 -- -- Sold Listings 232 253 + 9.1% 945 1,000 + 5.8% Median Sales Price $1,062,500 $1,150,000 + 8.2% $1,095,000 + 13.2% Pending Sales 211 260 + 23.2% 987 1,106 + 12.1% New Listings 320 392 + 22.5% 1,665 1,885 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024
4.
New Listings New Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023
217 -31.8% 314 -30.4% Jul-2023 190 -21.8% 243 -36.6% Aug-2023 252 +5.9% 290 -6.1% Sep-2023 373 +1.6% 552 -3.8% Oct-2023 246 +1.7% 310 -18.0% Nov-2023 102 -32.9% 152 -0.7% Dec-2023 49 -31.9% 83 +5.1% Jan-2024 185 +10.1% 345 +0.6% Feb-2024 228 +31.8% 369 +17.9% Mar-2024 256 +5.3% 362 0.0% Apr-2024 290 +21.8% 417 +27.5% May-2024 295 +6.5% 392 +22.5% 12-Month Avg 224 -1.8% 319 -4.1% Historical New Listings by Month Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 4 A count of the properties that have been newly listed on the market in a given month. 301 516 277 320 295 392 Single Family Condo/TIC/Coop May 0 200 400 600 800 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 1,488 2,680 1,099 1,665 1,254 1,885 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 22.5% - 38.0% + 6.5% - 8.0% - 37.9% + 14.1% - 26.1% + 13.2% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 15.4% - 2.7% + 1.8% + 1.2%
5.
Pending Sales Pending Sales Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023
193 -2.0% 194 -25.4% Jul-2023 131 -27.6% 157 -29.3% Aug-2023 148 -18.2% 176 -24.1% Sep-2023 174 -7.9% 163 -23.5% Oct-2023 210 +7.7% 186 -15.8% Nov-2023 153 -7.8% 148 -7.5% Dec-2023 94 -19.0% 137 +11.4% Jan-2024 106 +21.8% 154 +25.2% Feb-2024 164 +30.2% 201 +14.9% Mar-2024 210 +25.0% 238 -2.5% Apr-2024 219 +17.7% 253 +8.1% May-2024 241 +15.3% 260 +23.2% 12-Month Avg 170 +2.1% 189 -6.2% Historical Pending Sales by Month A count of the properties on which offers have been accepted in a given month. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 5 249 332 209 211 241 260 Single Family Condo/TIC/Coop May 0 100 200 300 400 500 600 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 1,164 1,650 776 987 940 1,106 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 23.2% - 36.4% + 15.3% - 16.1% - 40.2% + 21.1% - 33.3% + 12.1% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 18.9% - 8.8% - 21.1% - 28.3%
6.
Sold Listings Sold Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023
205 -17.7% 208 -32.7% Jul-2023 159 -12.6% 166 -29.4% Aug-2023 151 -20.5% 160 -32.5% Sep-2023 145 -19.4% 170 -19.0% Oct-2023 201 +4.7% 190 -15.2% Nov-2023 193 +3.8% 154 -25.6% Dec-2023 121 -21.4% 164 +11.6% Jan-2024 91 -9.0% 116 +9.4% Feb-2024 141 +39.6% 184 +29.6% Mar-2024 166 +9.9% 193 -22.2% Apr-2024 225 +29.3% 254 +17.1% May-2024 225 +19.0% 253 +9.1% 12-Month Avg 169 -1.2% 184 -12.0% Historical Sold Listings by Month A count of the actual sales that closed in a given month. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 6 282 368 189 232 225 253 Single Family Condo/TIC/Coop May 0 100 200 300 400 500 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 1,085 1,580 715 945 848 1,000 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 9.1% - 37.0% + 19.0% - 33.0% - 40.2% + 18.6% - 34.1% + 5.8% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 6.0% - 5.7% - 17.3% - 17.1%
7.
Median Sales Price Median
Sales Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 $1,600,000 -14.9% $1,117,500 -9.9% Jul-2023 $1,450,000 -13.0% $1,135,000 -5.2% Aug-2023 $1,575,000 -1.9% $1,084,193 +8.4% Sep-2023 $1,580,000 -4.2% $1,050,000 -9.5% Oct-2023 $1,650,000 -1.2% $1,155,000 -3.8% Nov-2023 $1,527,000 +1.8% $1,115,053 -0.9% Dec-2023 $1,450,000 -5.7% $995,000 +4.7% Jan-2024 $1,575,000 +15.2% $1,087,500 +9.5% Feb-2024 $1,575,000 +9.4% $1,115,000 -4.1% Mar-2024 $1,747,500 +3.1% $1,150,000 +8.5% Apr-2024 $1,775,000 +13.7% $1,097,500 -6.6% May-2024 $1,680,000 +1.8% $1,150,000 +8.2% 12-Month Avg* $1,608,000 -1.0% $1,100,000 -2.2% Historical Median Sales Price by Month Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. * Median Sales Price for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 7 $2,007,500 $1,215,000 $1,650,000 $1,062,500 $1,680,000 $1,150,000 Single Family Condo/TIC/Coop May $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop $1,955,000 $1,250,000 $1,560,000 $1,095,000 $1,697,500 $1,122,500 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 8.2% - 12.6% + 1.8% - 17.8% - 12.4% + 8.8% - 20.2% + 2.5% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 6.4% + 11.4% + 4.3% - 1.1%
8.
Average Sales Price Average
Sales Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 $2,009,398 -14.7% $1,296,055 -5.1% Jul-2023 $1,835,021 -10.9% $1,213,203 -17.3% Aug-2023 $2,141,891 +10.0% $1,211,809 +3.1% Sep-2023 $2,012,607 +7.0% $1,342,704 -0.0% Oct-2023 $2,312,677 +4.6% $1,265,490 -10.8% Nov-2023 $2,014,207 +6.3% $1,241,516 -10.9% Dec-2023 $1,973,556 +5.5% $1,166,449 +6.2% Jan-2024 $2,245,947 +24.0% $1,438,048 +14.2% Feb-2024 $2,018,412 +10.7% $1,337,737 +3.2% Mar-2024 $2,304,876 +1.4% $1,282,414 +6.2% Apr-2024 $2,421,173 +9.6% $1,230,678 -10.2% May-2024 $2,212,667 +3.3% $1,389,316 +18.6% 12-Month Avg* $2,138,181 +3.5% $1,284,234 -1.6% Historical Average Sales Price by Month Average sales price for all closed sales, not accounting for seller concessions, in a given month. * Avg. Sales Price for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 8 $2,411,895 $1,403,091 $2,141,045 $1,171,111 $2,212,667 $1,389,316 Single Family Condo/TIC/Coop May $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop $2,411,900 $1,410,993 $2,094,421 $1,255,046 $2,257,312 $1,324,552 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 18.6% - 16.5% + 3.3% - 11.2% - 11.1% + 7.8% - 13.2% + 5.5% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 2.8% + 5.0% + 5.3% + 1.7%
9.
Days on Market
Until Sale Days on Market Until Sale Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 26 +52.9% 50 +28.2% Jul-2023 26 +23.8% 54 +10.2% Aug-2023 36 +38.5% 57 +14.0% Sep-2023 30 +7.1% 54 -6.9% Oct-2023 23 -17.9% 47 +9.3% Nov-2023 31 -11.4% 57 +11.8% Dec-2023 40 +5.3% 77 +4.1% Jan-2024 58 +16.0% 87 0.0% Feb-2024 35 +6.1% 51 -13.6% Mar-2024 27 -15.6% 49 -15.5% Apr-2024 24 -22.6% 55 -1.8% May-2024 23 -17.9% 45 -13.5% 12-Month Avg* 30 +2.3% 55 +3.5% Historical Days on Market Until Sale by Month Average number of days between when a property is listed and when an offer is accepted in a given month. * Days on Market for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 9 21 37 28 52 23 45 Single Family Condo/TIC/Coop May 0 20 40 60 80 100 120 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 21 38 33 59 30 55 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 - 13.5% + 40.5% - 17.9% + 33.3% + 55.3% - 9.1% + 57.1% - 6.8% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 5.0% - 19.2% - 26.9% - 5.1%
10.
Inventory of Active
Listings Inventory of Active Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 324 -13.4% 793 -28.1% Jul-2023 315 -14.2% 765 -25.1% Aug-2023 344 -2.0% 702 -21.7% Sep-2023 484 0.0% 980 -11.3% Oct-2023 457 -3.4% 983 -10.4% Nov-2023 343 -8.3% 820 -6.0% Dec-2023 186 -13.9% 497 -5.0% Jan-2024 226 -13.1% 612 -6.4% Feb-2024 264 -7.0% 724 -0.3% Mar-2024 279 -12.8% 774 0.0% Apr-2024 310 -9.6% 850 +7.7% May-2024 321 -10.1% 857 +6.2% 12-Month Avg* 321 -8.3% 780 -9.8% Historical Inventory of Active Listings by Month The number of properties available for sale in active status at the end of a given month. * Active Listings for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 10 330 1,121 357 807 321 857 Single Family Condo/TIC/Coop May 0 500 1,000 1,500 2,000 2,500 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 + 6.2% - 28.0% - 10.1% + 8.2% 2022 2023 2024 - 18.7% + 4.9%
11.
% of Properties
Sold Over List Price % of Properties Sold Over List Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 69.8% -19.1% 37.5% -34.6% Jul-2023 66.7% -15.1% 30.7% -22.5% Aug-2023 64.2% -14.7% 31.3% -15.6% Sep-2023 69.0% +2.7% 31.2% +0.6% Oct-2023 67.7% +5.6% 34.2% -8.8% Nov-2023 62.2% +8.2% 33.1% +8.9% Dec-2023 54.5% +11.9% 22.1% +41.7% Jan-2024 50.5% +14.8% 19.8% +4.8% Feb-2024 63.1% +22.5% 34.2% +21.3% Mar-2024 68.7% +10.3% 36.8% +1.4% Apr-2024 72.0% +15.9% 37.8% +15.6% May-2024 82.2% +30.5% 45.8% +12.0% 12-Month Avg 67.4% +2.7% 34.1% -5.8% Historical % of Properties Sold Over List Price by Month Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller concessions. * % of Properties Sold Over List Price for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 11 86.9% 55.3% 63.0% 40.9% 82.2% 45.8% Single Family Condo/TIC/Coop May 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 85.8% 56.4% 58.3% 33.4% 70.3% 36.9% Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 12.0% - 26.0% + 30.5% - 27.5% - 40.8% + 20.6% - 32.1% + 10.5% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 9.0% + 18.0% + 34.9% + 3.6%
12.
% of List
Price Received % of List Price Received Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 108.6% -7.0% 100.6% -4.5% Jul-2023 108.3% -2.4% 99.6% -1.9% Aug-2023 107.2% -1.0% 99.5% -1.2% Sep-2023 107.6% -0.8% 99.0% -1.6% Oct-2023 107.9% +0.7% 99.7% -0.7% Nov-2023 106.0% +1.0% 100.1% +0.9% Dec-2023 104.3% +1.4% 99.0% +0.9% Jan-2024 104.6% +1.4% 96.7% -1.2% Feb-2024 107.9% +4.1% 100.5% +1.5% Mar-2024 110.1% +2.0% 101.3% +0.9% Apr-2024 113.2% +5.7% 101.9% +2.0% May-2024 113.7% +5.1% 102.7% +2.6% 12-Month Avg* 108.8% +0.6% 100.3% -0.3% Historical % of List Price Received by Month Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. * % of List Price Received for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 12 119.6% 105.9% 108.2% 100.1% 113.7% 102.7% Single Family Condo/TIC/Coop May 120.9% 105.8% 106.5% 99.7% 110.9% 101.1% Single Family Condo/TIC/Coop Year to Date 90.0% 100.0% 110.0% 120.0% 130.0% 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 + 2.6% - 5.5% + 5.1% - 9.5% 2022 2023 2024 + 2.4% + 0.7% 2022 2023 2024 + 1.4% - 5.8% + 4.1% - 11.9% 2022 2023 2024 + 7.7% + 3.1%
13.
Housing Affordability Ratio Housing Affordability
Ratio Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 25 +8.7% 41 +2.5% Jul-2023 27 0.0% 39 -9.3% Aug-2023 24 -14.3% 40 -21.6% Sep-2023 24 0.0% 41 +5.1% Oct-2023 22 -4.3% 35 -5.4% Nov-2023 25 -7.4% 38 -5.0% Dec-2023 28 +3.7% 46 -6.1% Jan-2024 26 -16.1% 42 -12.5% Feb-2024 25 -10.7% 40 0.0% Mar-2024 23 -8.0% 39 -11.4% Apr-2024 22 -15.4% 39 -2.5% May-2024 23 -8.0% 38 -11.6% 12-Month Avg* 25 -12.1% 40 -10.9% Historical Housing Affordability Ratio by Month This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. * Affordability Ratio for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 13 22 42 25 43 23 38 Single Family Condo/TIC/Coop May 20 40 60 80 100 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 - 11.6% + 2.4% - 8.0% + 13.6% 2022 2023 2024 - 26.7% - 22.2% 23 41 26 42 23 39 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 - 7.1% + 2.4% - 11.5% + 13.0% 2022 2023 2024 - 28.1% - 25.5%
14.
Months Supply of
Inventory Months Supply of Inventory Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Jun-2023 1.9 +18.8% 4.0 +17.6% Jul-2023 1.9 +18.8% 4.0 +25.0% Aug-2023 2.2 +37.5% 3.8 +31.0% Sep-2023 3.1 +34.8% 5.4 +45.9% Oct-2023 2.9 +26.1% 5.5 +41.0% Nov-2023 2.2 +15.8% 4.6 +39.4% Dec-2023 1.2 +9.1% 2.8 +40.0% Jan-2024 1.4 +7.7% 3.4 +25.9% Feb-2024 1.6 +6.7% 3.9 +25.8% Mar-2024 1.7 -5.6% 4.2 +20.0% Apr-2024 1.8 -10.0% 4.6 +24.3% May-2024 1.9 -9.5% 4.5 +12.5% 12-Month Avg* 2.0 +13.2% 4.2 +28.8% Historical Months Supply of Inventory by Month The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. * Months Supply for all properties from June 2023 through May 2024. This is not the average of the individual figures above. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 14 1.4 3.3 2.1 4.0 1.9 4.5 Single Family Condo/TIC/Coop May 0.0 2.0 4.0 6.0 8.0 10.0 12.0 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 + 12.5% + 21.2% - 9.5% + 50.0% 2022 2023 2024 - 12.5% + 6.5%
15.
All Properties Activity
Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 5-2023 5-2024 Percent Change YTD 2023 YTD 2024 Percent Change Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 15 Months Supply 3.2 3.3 + 3.1% -- -- -- Affordability Ratio 29 25 - 13.8% % of List Price Received 103.7% 107.8% + 4.0% 102.6% 29 52.3% + 18.9% + 2.9% 25 - 13.8% 105.6% % of Properties Sold Over List Price 50.5% 62.7% + 24.2% 44.0% Active Listings 1,188 1,201 + 1.1% -- Avg. Sales Price $1,604,881 $1,771,457 + 10.4% $1,613,873 Days on Market 42 35 - 16.7% 48 $1,370,000 + 5.4% + 8.1% 43 - 10.4% $1,745,339 -- -- Sold Listings 426 482 + 13.1% 1,681 1,873 + 11.4% Median Sales Price $1,350,000 $1,400,000 + 3.7% $1,300,000 + 13.5% Pending Sales 425 507 + 19.3% 1,787 2,074 + 16.1% New Listings 607 693 + 14.2% 2,803 3,181 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024 5-2021 5-2022 5-2023 5-2024
16.
Activity by District SF
District 1: Northwest (Sea Cliff, Lake, Jordan Park / Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, Lone Mountain) SF District 2: Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights) SF District 3: Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview) SF District 4: Twin Peaks W (Forest Hill (& Ext), W Portal, St Francis Wd, Balboa Terr, Mt Dav Manor, Ingleside Terr, Monterey Hts, Wstwd Pk & H'lnds, Shrwd Fst, Miraloma Pk, Dmnd Hts, Mdtwn Terr) SF District 5: Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clarndn Hts, Corona Hts, Twin Pks, Glen Pk, Noe Vly, Eureka Vly / Dolores Hts, Mission Dolores, Duboce Trngl, Buena Vista / Ashbury Hts) SF District 6: Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley) SF District 7: North (Marina, Cow Hollow, Presidio Heights, Pacific Heights) SF District 8: Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial District / Barbary Coast, Downtown, Van Ness / Civic Center, Tenderloin) SF District 9: Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights) SF District 10: Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayview, Silver Terr, Hunters Pt, Candlestick Pt, Bayview Hts, Little Hollywood, Visitation Vly, Crocker Amazon) 5-2023 5-2024 + / – 5-2023 5-2024 + / – 5-2023 5-2024 + / – 5-2023 5-2024 + / – 5-2023 5-2024 + / – Single Family 1 SF District 1 24 22 -8.3% 9 18 +100.0% $1,955,000 $2,377,500 +21.6% 22 23 +4.5% 1.8 1.4 -22.2% 2 SF District 2 50 39 -22.0% 38 47 +23.7% $1,550,000 $1,600,000 +3.2% 15 14 -6.7% 1.6 1.2 -25.0% 3 SF District 3 21 25 +19.0% 15 10 -33.3% $1,350,000 $1,394,000 +3.3% 43 11 -74.4% 1.8 2.0 +11.1% 4 SF District 4 37 28 -24.3% 23 29 +26.1% $1,825,000 $1,834,000 +0.5% 21 18 -14.3% 1.5 1.2 -20.0% 5 SF District 5 54 50 -7.4% 30 31 +3.3% $2,385,000 $2,800,000 +17.4% 29 25 -13.8% 2.3 2.2 -4.3% 6 SF District 6 6 3 -50.0% 2 0 -100.0% $2,775,000 $0 -100.0% 12 0 -100.0% 2.8 1.0 -64.3% 7 SF District 7 51 31 -39.2% 13 14 +7.7% $5,650,000 $6,675,000 +18.1% 49 42 -14.3% 7.5 3.1 -58.7% 8 SF District 8 11 11 0.0% 0 3 -- $0 $1,600,000 -- 0 40 -- 4.7 4.4 -6.4% 9 SF District 9 32 37 +15.6% 15 29 +93.3% $1,465,000 $1,545,000 +5.5% 29 40 +37.9% 1.9 2.2 +15.8% 10 SF District 10 71 75 +5.6% 44 44 0.0% $1,187,500 $1,140,000 -4.0% 34 20 -41.2% 2.0 2.4 +20.0% Condo/TIC/Coop 1 SF District 1 24 29 +20.8% 15 16 +6.7% $1,340,000 $1,300,000 -3.0% 25 40 +60.0% 2.0 3.1 +55.0% 2 SF District 2 13 11 -15.4% 2 5 +150.0% $1,415,000 $998,888 -29.4% 18 14 -22.2% 3.4 3.5 +2.9% 3 SF District 3 1 5 +400.0% 3 2 -33.3% $802,000 $881,944 +10.0% 50 37 -26.0% 0.4 2.5 +525.0% 4 SF District 4 12 6 -50.0% 7 3 -57.1% $475,000 $450,000 -5.3% 98 69 -29.6% 4.6 1.5 -67.4% 5 SF District 5 81 79 -2.5% 48 42 -12.5% $1,400,000 $1,320,000 -5.7% 43 28 -34.9% 2.2 2.6 +18.2% 6 SF District 6 63 58 -7.9% 23 28 +21.7% $1,195,000 $1,100,000 -7.9% 44 41 -6.8% 2.8 3.1 +10.7% 7 SF District 7 69 83 +20.3% 28 27 -3.6% $1,475,000 $1,500,000 +1.7% 45 49 +8.9% 3.3 3.9 +18.2% 8 SF District 8 193 208 +7.8% 39 57 +46.2% $795,000 $1,011,000 +27.2% 50 58 +16.0% 5.7 5.4 -5.3% 9 SF District 9 327 337 +3.1% 62 65 +4.8% $830,000 $1,050,000 +26.5% 70 48 -31.4% 5.2 5.9 +13.5% 10 SF District 10 24 41 +70.8% 5 8 +60.0% $789,000 $702,000 -11.0% 50 45 -10.0% 5.1 7.9 +54.9% Key metrics by report month for the districts of San Francisco. Current as of June 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime Plus, LLC. | 16 Active Listings Sold Listings Median Sales Price Days on Market Months Supply
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