The latest market report is here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen).
A snapshot of what’s in store for your eyes:
Sales & Prices Continue Rising in April
Trends at a Glance (Single-family Homes) Â Apr 08 Mar 08 Apr 07 Home Sales: 181 147 191 Median Price: $933,500 $895,000 $913,000 Average Price: $1,207,183 $1,194,232 $1,142,472 Sale/List Price Ratio: 103.8% 101.7% 106.4% Days on Market: 40 43 35
Both single-family, re-sale homes and condo sales rose in April, as is to be expected this time of year. The sale of single-family, re-sales homes gained 23.1% from March, a 5.2% decline year-over-year. Sales of condos and lofts rose 17.5% month-over-month, but were down 22.1% compared to last April.
The median price for single-family, re-sale homes rose 4.3% from March, and, it was up 2.2% year-over-year. The average price rose 1.1%, and, it was up 5.7% compared to last April.
The median price for condos in San Francisco fell 1.4% to $755,000 from March, but, was up 4.5% year-over-year. The average price for condos gained 0.3% to $917,238, a new record high, for the second month in a row.Â The average price was up 10.5% year-over-year.
Condo sales gained 17.5% month-over-month, down 22.1% year-over-year.