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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for San Francisco residential properties here’s what happened in November 2023 versus October 2023:
The Number of SOLD listings decreased by 13% to 316 properties, with a top sale of $9,850,000 million at 710 El Camino del Mar Street
The Average Sales Price decreased by 6% to $1,742,156 million, moving the Average Price Per Square Foot down to $976 per square foot.
As measured in months supply, the inventory of properties available for sale decreased by 14% to 3.00 months’ worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 7.41%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
