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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 December 2023 versus January 2024:
The Number of SOLD listings decreased by 35% to 167 properties, with a top sale of $14,500,000 million at 870 El Camino Del Mar.
The Average Sales Price increased by 15% to $1,784,305 million, moving the Average Price Per Square Foot increased to $1,019 per square foot.
As measured in months supply, the inventory of properties available for sale increased by 78% to 4.10 months’ worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 6.84%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
