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 June 2024 VS July 2024:
The Number of SOLD listings increased by 4% to 376 properties, with a top sale of $26,000,000 million at 290 Sea Cliff Avenue.
The Average Sales Price decreased by 5% to $1,687,036 million, moving the Average Price Per Square Foot up to $1,009 per square foot.
As measured in monthly supply, the inventory of properties available for sale decreased by 14% to 2.40 monthly worth of properties for sale
The average 30-year fixed mortgage rate decreased to 6.86%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.