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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 2024 versus Year 2023
The Number of SOLD listings increased by 5% to 3,950 properties, with a top sale of $29,150,000 million at 2799 Broadway
The Average Sales Price increased by 5% to $1,752,931, while the Average Price Per Square Foot rose to $1,027.
As measured by months of supply, the inventory of properties available for sale showed no change, remaining at 2.40 months’ worth of properties.
The average 30-year fixed mortgage rate increased to 7.04%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
