Weekly Market Charts

Here are weekly market charts for MLS activity of houses, condos, TICs and 2-4 unit buildings in San Francisco for the past 6 months through the week ending on April 24th. By May 7th, the monthly newsletter will come out with monthly and quarterly trends in a greater range of analyses.

All data within is from Broker Metrics from data reported to SF MLS.

Listings Accepting Offers
The surge in buyer demand which started in late January increased to its highest level year to date in this latest week.

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Percent of Listings Accepting Offers
Lower inventory and increasing demand led to the highest percentage of listings going under contract for quite some time.

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New Listings Coming on Market
Perhaps it’s just a weekly anomaly, but a very low number of new listings came on market this past week. Which indicates that if there had been more new listings, we probably would have seen even a greater surge in sales.

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Listings for Sale
Inventory of listings actively available for sale actually dropped, which is unusual for this time of year.
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Median Sales Price
Weekly fluctuations in median sales price are not particularly meaningful, but we can see that the big drop seen in January and February (mostly a seasonal phenomenon)has reversed itself in March and April.

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Sold vs. Expired & Withdrawn Listings
Even with the surge in buyer demand and listings accepting offers, for every two listings that closed escrow in the past 4 weeks, one expired or was withdrawn without selling — typically due to being perceived as overpriced. A strong market, but that doesn’t mean everything is selling. Closed escrows are typically 4-8 weeks behind accepted offers.

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