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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 Mid Year 2023 versus Mid Year 2024:
The Number of SOLD listings increased by 7% to 2062 properties, with a top sale of $ 24,000,000 million at 3630 Jackson Street.
The Average Sales Price increased by 7% to $1,776,221 million, moving the Average Price Per Square Foot raised to $1,037 per square foot.
As measured in months’ supply, the inventory of properties available for sale increased to 2.90 months’ worth of properties for sale
The average 30-year fixed mortgage rate increased to 7.02%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
