October 10, 2019
Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong. Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly. New Listings were down 23.0 percent for single family homes and 12.5 percent for Condo/TIC/Coop properties. Pending Sales increased 12.1 percent for single family homes but decreased 2.6 percent for Condo/TIC/Coop properties. The Median Sales Price was up 9.8 percent to $1,620,000 for single family homes and 8.2 percent to $1,265,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 33.3 percent for single family units and 21.4 percent for Condo/TIC/Coop units. Although home sales may actually drop in year-over-year comparisons over the next few months, that has more to do with low inventory than a lack of buyer interest. As lower days on market and higher prices persist year after year, one might rationally expect a change in the outlook for residential real estate, yet the current situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals than were in place a decade ago.
Click here to read full report
Courtesy of San Francisco Association of REALTORS®
Stay up to date on the latest trends
Market Update + Prediction
Arrian Binnings | June 27, 2025
SF + Marin, Macro and Micro
Arrian Binnings | June 16, 2025
Arrian brings back fresh macro insights from a NYC conference
June 12, 2025
Summer 2025 Local Food Scene
June 6, 2025
RealTrends ranks The Binnings Team in the top 1.5% of all agents nationwide!
News
June 2, 2025
The Real Deal interviews Arrian Binnings
Arrian Binnings | May 22, 2025
New York City #CIRESummit2025
Statistics and Trends
Arrian Binnings | May 22, 2025
As measured by absorption (MSI)
Statistics and Trends
Arrian Binnings | May 17, 2025
Understanding the relationship
Statistics and Trends
Arrian Binnings | May 16, 2025
AI Boom & Bust Towns Profiled
​​​​​​From strategy to sold
The Binnings Team is one of the Bay Area's most successful agent teams, consistently ranked among the top-performing agents in San Francisco and Marin. Whether you're buying or selling a home, we can help you get the most for your investment.