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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 Year 2022 versus Year 2023
The Number of SOLD listings decreased by 28% to 3,758 properties, with a top sale of $34,500,000 million at 3450 Washington Street
The Average Sales Price decreased by 5% to $1,677,455 million, moving the Average Price Per Square Foot down to $1,000 per square foot.
As measured in months supply, the inventory of properties available for sale decreased by 19% to 2.10 months’ worth of properties for sale.
The average 30-year fixed mortgage rate increased to 6.90%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
