San Francisco Market Snapshot
The number of homes that sold in San Francisco during Q1 2019 was 6% below a year earlier, a reversal of the 12% increase in home sales during 2018.
The inventory of homes available for sale has grown. At the end of Q1 2019, 7,100 homes were for sale across San Francisco, up 26% from 5,700 a year earlier, when inventory was near an historic low. While higher than 2018, today’s inventory is still low in comparison with historic standards.
Home prices in the region are slowing from month-to-month, but continue to rise on an annual basis, currently averaging 2% above a year earlier. The average price-to-list ratio is currently 105% in San Francisco, below a year earlier when it was 111%.

Interest rates have decreased in recent months, averaging 4.0% for a 30-year fixed rate mortgage (FRM) in March 2019. This average rate is below this time last year, a positive change for homebuyers, as FRM rates peaked in late-2018 and have since fallen back.

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