JULY 2022
CONDOS
SINGLE FAMILY
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SAN FRANCISCO MARKET UPDATE
Market Trends Report is based on information from San Francisco Association of REALTORS for the period 7/1/2019 through 6/30/2022. Source data is deemed reliable but not guaranteed. Real estate agents affiliated with Coldwell Banker Realty are independent contractor sales associates, not employees. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Inventory supply for single-family homes in San Francisco is at its lowest levels in years. Condominium inventory supply is lower than a month ago and lower than the same time last year. Fewer homeowners are venturing to sell. However, in the month of June, the number of condos on the market was six times that of the number of single-family homes. With days on market increasing, average sales prices decreasing, interest rates on the rise and seasonal changes, the current demand for homes seems to be shifting downward and the market may see more significant adjustments if inventory supply rises.