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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 Quarter 1 2023 VS Quarter 1 2024:
The Number of SOLD listings increased by 3% to 805 properties, with a top sale of $23,800,000million at 2350 Broadway Street.
The Average Sales Price increased by 18% to $1,897,552 million, moving the Average Price Per Square Foot up to $1,121 per square foot.
As measured in quarterly supply, the inventory of properties available for sale decreased by 4% to 2.60 quarterly worth of properties for sale
The average 30-year fixed mortgage rate increased to 7.01%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
