We are officially moving into summertime! With many schools already out for summer, people will start leaving town for their eagerly awaited vacations. This, coupled with our San Francisco counterintuitive cold summer weather, typically results in a summertime real estate slowdown. That said, there are a lot of buyers out there, and those who are really serious about finding a new home will continue to keep an eye out on the inventory and they seem to be ready to jump if the right property comes up. The rates are remaining higher and people are adjusting to this new norm, but they are definitely being less tolerant in settling for something that doesn’t fit their needs.
As far as the big picture goes:
San Francisco (Rolling 3 months Feb-April 2024 compared with same time 2023):
- Active Listings: -1%
- Sold Listings: +8%
- Days on Market: -21%
Glen Park (Rolling 3 months Feb-April 2024 compared with same time 2023):
- Active Listings: -7%
- Sold Listings: +33%
- Days on Market: -33%
To me, those numbers look pretty favorable for sellers.
Now, for the Glen Park numbers for May. This month I’m trying to make the stats a little easier to read, so I hope you like the new format:
Here’s a look at what sold in the month of May–
Here’s a look at what’s currently in contract–
And lastly, the inventory that is currently available in Glen Park–
For more San Francisco sales data, visit: thegoods-sf.com/AmandaMartin/
Amanda MartinIF YOU HAVE QUESTIONS OR REAL ESTATE TOPICS YOU’D LIKE ME TO ADDRESS IN THIS COLUMN PLEASE REACH OUT AND LET ME KNOW!