The median sales price for single-family, re-sale was down 7.5% in April from March. It was down 23.4% year-over-year. The average sales price for single-family, re-sale homes was down 5.8% month-over-month. Year-over-year, it was down 12.8%.

1. averages to eliminate monthly and
seasonal variations.
If you are planning on selling your property,
call me for a free comparative market
analysis.
The median sales price for single-family,
re-sale was down 7.5% in April from
March. It was down 23.4% year-over-
year.
The average sales price for single-family,
re-sale homes was down 5.8% month-
over-month. Year-over-year, it was down
12.8%.
Sales of single-family, re-sale homes fell
32.4% year-over-year. There were 165
homes sold in San Francisco last month.
The average since 2000 is 214.
The median sales price for condos/lofts
was down 12.4% year-over-year.
The average sales price was down 3.1%
year-over-year.
Sales of condos/lofts fell 42.3% year-over-
year. There were 210 condos/lofts sold
last month. The average since 2000 is
230.
The sales price to list price ratio, or what
buyers are paying over what sellers are
asking, fell from 103.5% to 101.5% for
homes. The ratio for condos/townhomes
fell from 100.7% to 98.4%.
Average days on market, or the time from
when a property is listed to when it goes
into contract, was 31 for homes and 55
for condos/lofts.
Sales momentum…
for homes dropped from –34.6 to –38.4.
Sales momentum for condos/lofts was
down 7.3 points to –
61.9.
Pricing
momentum…
for single-family homes
fell 4 points to –13.8.
Pricing momentum for
condos/lofts fell 2.3
points to –7.9.
Our momentum
statistics are based on
12-month moving
Sotheby's International Realty
117 Greenwich Street
San Francisco, CA 94111
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
Annie Williams
ANNIE WILLIAMS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
Prices and Sales Continue to Drop
Local Market Trends May 2023
San Francisco
Apr 23 Month % Mar 23 Year % Apr 22
Median Price: 1,570,000
$ -7.5% 1,697,500
$ -23.4% 2,050,000
$
Average Price: 2,148,830
$ -5.8% 2,282,230
$ -12.8% 2,465,518
$
Home Sales: 165 11.5% 148 -32.4% 244
Sale/List Price Ratio: 101.5% -1.9% 103.5% -14.2% 118.4%
Days on Market: 31 9.8% 28 119.5% 14
(Condominiums)
Apr 23 Month % Mar 23 Year % Apr 22
Median Price: 1,172,500
$ 9.1% 1,075,000
$ -12.4% 1,338,000
$
Average Price: 1,378,035
$ 13.3% 1,216,303
$ -3.1% 1,422,700
$
Condo Sales: 210 -12.9% 241 -42.3% 364
Sale/List Price Ratio: 98.4% -2.3% 100.7% -8.4% 107.4%
Days on Market: 55 0.0% 55 77.4% 31
Trends at a Glance
(Single-family Homes)
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San Francisco Homes: Days on Market
© 2023 rereport.com

2. Apr 28, 2023 -- Seems like it's been a fast
six weeks, but here we are on the cusp of
another Federal Reserve meeting. Since
the last one, it appears that the banking
stresses have either been contained or
have at least settled, the economy has lum-
bered along and inflation has plateaued,
albeit at a level still well above where the
central bank wants it to be. Labor markets
have loosened just a bit, but yet remain
very tight, in turn keeping pressure on wag-
es, presumably allowing inflation to persist.
All in all the stage is set for the Fed to raise
interest rates one more time, most likely by
a quarter of a percentage point. Will it be
the last in the cycle? There's no way to
know, of course, and incoming inflation da-
ta will drive those future decisions. Futures
markets suggest that a pause after this hike
is likely, with only a minority of speculators
expecting additional moves this summer.
For our part, we're not quite convinced the
Fed is done yet, what with core prices still
stubbornly high at about two-and-a-half
times the desired 2% core PCE rate.
If you build it, some will come. Sales of new
homes rose by 9.6% in March, climbing back up
to a 683,000 annual rate of sale, the highest an-
nual pace since last March.While still a meager
pace, sales are only about 3.4% below where
they were a year ago, and have risen by nearly
26% annualized compared to the recent bottom
of 543,000 seen last July. With the boost in sales,
inventories of homes available to buy thinned out
a bit, falling from 8.4 months of supply in February
to 7.6 months available in March, with the
432,000 (annualized) actual units available the
leanest total since last April. It also appears that
perhaps some of the price concessions seen over
the winter have eased off a bit, as the median
price of a new home sold in March was $449,800;
although still below the record high of last Octo-
ber, median selling prices have ticked higher in
each of the last two months.With sales trending
to the positive, builders have at least some incen-
tive to continue to put up dwellings, and that
should also help keep the economy nudging for-
ward for at least a while yet.
Existing home sales, though, are the larger
portion of the housing market, and condi-
(Continued on page 4)
ANNIE WILLIAMS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
2 Local Market Trends | San Francisco |
One More Time
The chart above shows the National monthly
average for 30-year fixed rate mortgages as
compiled by http://www.freddiemac.com/.
May 2023
1.0% 3.0% 5.0% 7.0%
01-10
07-10
01-11
07-11
01-12
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07-13
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07-21
01-22
07-22
01-23
30-Year Fixed Mortgage Rates
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2023 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,570,000 $2,148,830 165 31 101.5% -23.4% -12.8% -32.4% -7.5% -5.8% 11.5%
D1: Northwest $2,550,000 $4,392,667 15 205 88.8% -7.3% 44.0% -46.4% -5.8% 45.4% 7.1%
D2: Central West $1,500,000 $1,607,613 31 13 111.4% ###### ####### ###### ###### ####### ######
D3: Southwest $1,250,000 $1,294,273 11 12 106.4% -28.2% -28.7% -35.3% -12.7% -13.3% -8.3%
D4: Twin Peaks $1,800,000 $2,055,190 21 29 107.7% ###### ####### ###### ###### ####### ######
D5: Central $2,550,000 $2,873,684 19 19 104.4% -12.1% -13.5% -47.2% -1.9% 5.4% 0.0%
D6: Central North $3,440,000 $3,321,667 3 146 97.3% ###### ####### ###### ###### ####### ######
D7: North $4,760,000 $4,629,167 6 45 95.4% 16.1% -14.8% -45.5% -20.0% -55.8% 20.0%
D8: Northeast $3,862,500 $3,862,500 2 23 104.5% ###### ####### ###### ###### ####### ######
D9: Central East $1,603,000 $1,838,296 14 44 102.1% -16.5% -13.8% -56.3% -1.4% -4.2% -26.3%
D10: Southeast $1,065,000 $1,131,347 34 37 104.9% -21.1% -16.0% -22.7% 1.4% 3.7% -22.7%
April Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change

3. Table Definitions
_______________
Median Price
The price at which 50% of prices
were higher and 50% were lower.
Average Price
Add all prices and divide by the
number of sales.
SP/LP
Sales price to list price ratio or the
price paid for the property divided
by the asking price.
DOI
Days of Inventory, or how many
days it would take to sell all the
property for sale at the current rate
of sales.
Pend
Property under contract to sell that
hasn’t closed escrow.
Inven
Number pf properties actively for
sale as of the last day of the month.
Local Market Trends | San Francisco | 3
May 2023
ANNIE WILLIAMS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
80.0%
85.0%
90.0%
95.0%
100.0%
105.0%
110.0%
115.0%
120.0%
125.0%
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San Francisco Homes: Sales Price to List Price Ratio
© 2023 rereport.com
-50.0
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San Francisco Homes: Sales Momentum
Sales Pricing © 2023 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2023 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,172,500 $1,378,035 210 55 98.4% -12.4% -3.1% -42.3% 9.1% 13.3% -12.9%
D1: Northwest $1,204,750 $1,212,150 10 51 100.1% ###### ####### ###### ###### ####### ######
D2: Central West $1,225,000 $1,168,125 8 33 101.6% -9.3% -13.4% 100.0% 32.4% 23.5% 14.3%
D3: Southwest $839,000 $839,000 2 21 100.7% ###### ####### ###### ###### ####### ######
D4: Twin Peaks $420,420 $570,148 3 112 99.5% -47.4% -41.2% -76.9% -63.2% -48.1% -25.0%
D5: Central $1,250,000 $1,407,192 45 57 100.4% ###### ####### ###### ###### ####### ######
D6: Central North $1,317,500 $1,215,438 16 45 104.7% -10.4% -14.4% -66.0% -10.4% -17.5% -42.9%
D7: North $1,572,500 $2,086,546 28 29 99.3% ###### ####### ###### ###### ####### ######
D8: Northeast $850,000 $1,339,862 31 78 91.2% -31.3% 1.2% -42.6% -13.2% 31.7% -27.9%
D9: Central East $977,500 $1,225,875 66 58 98.3% -18.9% -8.3% -40.0% -0.1% 14.5% -1.5%
D10: Southeast $895,000 $895,000 1 48 100.0% 21.8% 11.0% -90.9% 28.2% 18.3% -88.9%
April Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change

4. San Francisco
This Real Estate Report is published and copyrighted by http://rereport.com.
Information contained herein is deemed accurate and correct, but no warranty is implied or given.
Annie Williams
Sotheby's International Realty
117 Greenwich Street
San Francisco, CA 94111
Go online to see the full report with the district by district breakdown: https://rereport.com/sf/aw/
tions there remain difficult. The National
Association of Realtors Pending Home
Sales Index -- a measure of signed con-
tracts to buy homes -- slumped by 5.2% in
March. Purchasing an existing home typi-
cally takes 45-60 days, so the decline in
contracts won't be reflected in actual sales
numbers until April or May's reports come
(late May, late June). That said, the spring
homebuying season looks not only to be
quite muted this year, but also
short, unless mortgage rates fall
sharply or more and less expen-
sive houses suddenly start to hit
the market. Somehow, that just
doesn't seem all that likely at the
moment.
Despite somewhat firmer mort-
gage rates of late, requests for
mortgage credit managed to in-
crease a little bit. The Mortgage
Bankers Association reported a
3.7% increase in overall applica-
tions for mortgages, lifted by a
4.6% increase in requests for pur-
chase-money loans but also
bumped up by a 1.7% rise in
those to refinance existing mort-
(Continued from page 2) gages. There's been some ebb and flow
in mortgage applications in recent weeks,
but no real discernible trend to speak of.
Mortgage rates are likely to be a mixed
bag at best again next week. The underly-
ing trend for yields suggests a flat-to-
slightly-lower path for mortgage rates at
least into early next week, but it wouldn't
be a great surprise to see no change or
even a couple of basis point increase in
the average offered rate for a conforming
30-year fixed-rate mortgage
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Condos 397 681 820 903 932 994 871 789 825 934 859 671 1,368 1,141 686
Homes 451 689 697 756 885 673 843 672 591 591 609 477 831 754 499
0
500
1,000
1,500
2,000
2,500
Property Sales
(Year-to-Date)
© 2021 rereport.com