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January 2024 Monthly Snapshot
One-Year Change in One-Year Change in
Median Sales Price Single
Family
Median Sales Price
Condo/TIC/Coop
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime.
Condo/TIC/Coop Activity Overview
Inventory of Active Listings
% of Properties Sold Over List Price
% of List Price Received
Housing Affordability Ratio
All Properties Activity Overview
New Listings
Pending Sales
Sold Listings
Median Sales Price
Average Sales Price
Days on Market Until Sale
Activity by District
Monthly Indicators
+ 15.2% + 8.7% + 7.2%
One-Year Change in
U.S. existing-home sales slipped 1.0% month-over-month and were down
6.2% year-over-year as of last measure, while pending sales jumped 8.3% from
the previous month, marking the largest gain since June 2020, according to the
National Association of REALTORS® (NAR). Mortgage rates have dropped
significantly from their peak last fall, and homebuyers are beginning to come out
of the woodwork, with NAR forecasting a 13% increase in existing-home sales
this year compared to 2023.
New Listings were up 9.5 percent for single family homes and 1.2 percent for
Condo/TIC/Coop properties. Pending Sales increased 32.2 percent for single
family homes and 47.2 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 15.2 percent to $1,575,000 for single family
homes and 8.7 percent to $1,087,500 for Condo/TIC/Coop properties. Months
Supply of Inventory decreased 7.7 percent for single family units but was up
11.1 percent for Condo/TIC/Coop units.
Despite tepid sales activity, the persistent shortage of housing supply has
helped prop up home values nationwide, with the median existing-home price
rising 4.4% year-over-year to $382,600, according to NAR. Total unsold
inventory was at 1 million units heading into January, an 11.5% decline from the
previous month, for a 3.2 months’ supply at the current sales pace. Nationally,
listing activity has started to pick up, and with mortgage rates stabilizing and
housing completions on the rise, inventory is expected to improve in the coming
months.
Median Sales Price
All Property Types
Residential real estate activity in San Francisco County (Districts 1-10)
composed of single-family properties, townhomes and condominiums. Percent
changes are calculated using rounded figures.
Single Family Activity Overview
Months Supply of Inventory
For questions or more information, contact
communications@sfrealtors.com.
Single Family Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change
+ 9.5%
184
91 - 9.0%
$1,575,000 + 15.2%
+ 24.0%
Pending Sales 87 115 + 32.2% + 32.2%
87 115
New Listings 168 184 + 9.5% 168
Sold Listings 100 91 - 9.0% 100
Median Sales Price $1,367,500 $1,575,000 + 15.2% $1,367,500
58 + 16.0%
$2,245,947
-- --
Days on Market 50 58 + 16.0% 50
Avg. Sales Price $1,811,636 $2,245,947 + 24.0% $1,811,636
Active Listings 260 196 - 24.6% --
% of Properties Sold Over List Price 44.0% 50.5% + 14.8% 44.0%
31
50.5% + 14.8%
+ 1.4%
26 - 16.1%
104.6%
% of List Price Received 103.2% 104.6% + 1.4% 103.2%
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 2
Months Supply 1.3 1.2 - 7.7% -- -- --
Affordability Ratio 31 26 - 16.1%
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
Condo/TIC/Coop Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change
+ 1.2%
Pending Sales 123 181 + 47.2% 123 181 + 47.2%
New Listings 342 346 + 1.2% 342 346
Sold Listings 105 114 + 8.6% 105 114 + 8.6%
Median Sales Price $1,000,000 $1,087,500 + 8.7% $1,000,000 $1,087,500 + 8.7%
+ 14.3%
86 - 1.1%
$1,445,391
-- --
Days on Market 87 86 - 1.1% 87
Avg. Sales Price $1,264,429 $1,445,391 + 14.3% $1,264,429
Active Listings 653 559 - 14.4% --
% of Properties Sold Over List Price 19.0% 19.3% + 1.6% 19.0%
48
19.3% + 1.6%
- 1.2%
42 - 12.5%
96.7%
% of List Price Received 97.9% 96.7% - 1.2% 97.9%
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 3
Months Supply 2.7 3.0 + 11.1% -- -- --
Affordability Ratio 48 42 - 12.5%
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
New Listings
New Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 173 -39.9% 313 -41.5%
Mar-2023 242 -29.2% 362 -41.1%
Apr-2023 237 -28.0% 327 -39.7%
May-2023 277 -8.0% 320 -38.0%
Jun-2023 217 -31.8% 314 -30.4%
Jul-2023 190 -21.5% 243 -36.6%
Aug-2023 252 +5.4% 289 -6.5%
Sep-2023 373 +1.6% 552 -3.8%
Oct-2023 245 +1.2% 308 -18.5%
Nov-2023 102 -32.9% 153 0.0%
Dec-2023 47 -34.7% 82 +5.1%
Jan-2024 184 +9.5% 346 +1.2%
12-Month Avg 212 -17.0% 301 -26.0%
Historical New Listings by Month
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 4
A count of the properties that have been newly listed on the market in a given month.
228
472
168
342
184
346
Single Family Condo/TIC/Coop
January
0
200
400
600
800
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
228
472
168
342
184
346
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 1.2%
- 27.5%
+ 9.5%
- 26.3% - 27.5%
+ 9.5%
- 26.3% + 1.2%
2022 2023 2024 2022 2023 2024 2022 2023 2024
- 9.9% - 9.9% - 12.3%
- 12.3%
Pending Sales
Pending Sales
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 126 -41.1% 175 -39.0%
Mar-2023 168 -41.5% 244 -44.2%
Apr-2023 185 -31.2% 233 -32.1%
May-2023 209 -16.1% 211 -36.4%
Jun-2023 193 -2.0% 195 -25.0%
Jul-2023 131 -27.6% 157 -29.3%
Aug-2023 148 -18.2% 175 -24.6%
Sep-2023 174 -7.9% 163 -23.5%
Oct-2023 211 +8.2% 187 -15.4%
Nov-2023 153 -7.8% 154 -3.8%
Dec-2023 95 -18.1% 141 +15.6%
Jan-2024 115 +32.2% 181 +47.2%
12-Month Avg 159 -18.1% 185 -24.9%
Historical Pending Sales by Month
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 5
A count of the properties on which offers have been accepted in a given month.
145
251
87
123
115
181
Single Family Condo/TIC/Coop
January
0
100
200
300
400
500
600
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
145
251
87
123
115
181
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 47.2%
- 51.0%
+ 32.2%
- 40.0% - 51.0%
+ 32.2%
- 40.0% + 47.2%
2022 2023 2024 2022 2023 2024 2022 2023 2024
- 14.2% - 14.2% - 14.0%
- 14.0%
Sold Listings
Sold Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 101 -36.5% 142 -43.2%
Mar-2023 151 -41.2% 248 -37.1%
Apr-2023 174 -32.3% 217 -43.2%
May-2023 188 -33.3% 232 -37.0%
Jun-2023 205 -17.7% 207 -33.0%
Jul-2023 159 -12.6% 166 -29.4%
Aug-2023 151 -20.5% 160 -32.5%
Sep-2023 145 -19.4% 170 -19.0%
Oct-2023 201 +4.7% 190 -15.2%
Nov-2023 192 +3.2% 154 -25.6%
Dec-2023 121 -21.4% 164 +11.6%
Jan-2024 91 -9.0% 114 +8.6%
12-Month Avg 157 -21.3% 180 -29.5%
Historical Sold Listings by Month
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 6
A count of the actual sales that closed in a given month.
130
186
100 105
91
114
Single Family Condo/TIC/Coop
January
0
100
200
300
400
500
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
130
186
100 105
91
114
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 8.6%
- 43.5%
- 9.0%
- 23.1% - 43.5%
- 9.0%
- 23.1% + 8.6%
2022 2023 2024 2022 2023 2024 2022 2023 2024
- 19.3% - 19.3% - 31.1%
- 31.1%
Median Sales Price
Median Sales Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 $1,440,000 -25.4% $1,162,500 -5.3%
Mar-2023 $1,695,000 -15.3% $1,060,000 -12.2%
Apr-2023 $1,560,500 -23.9% $1,175,000 -14.2%
May-2023 $1,650,000 -17.8% $1,062,500 -12.6%
Jun-2023 $1,600,000 -14.9% $1,125,000 -9.3%
Jul-2023 $1,450,000 -13.0% $1,135,000 -5.2%
Aug-2023 $1,575,000 -1.9% $1,084,193 +8.4%
Sep-2023 $1,580,000 -4.2% $1,050,000 -9.5%
Oct-2023 $1,650,000 -1.2% $1,155,000 -3.8%
Nov-2023 $1,528,500 +1.9% $1,115,053 -0.9%
Dec-2023 $1,450,000 -5.7% $995,000 +4.7%
Jan-2024 $1,575,000 +15.2% $1,087,500 +8.7%
12-Month Avg* $1,565,000 -11.5% $1,100,000 -8.3%
Historical Median Sales Price by Month
* Median Sales Price for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 7
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$1,630,000
$1,070,000
$1,367,500
$1,000,000
$1,575,000
$1,087,500
Single Family Condo/TIC/Coop
January
$500,000
$750,000
$1,000,000
$1,250,000
$1,500,000
$1,750,000
$2,000,000
$2,250,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
$1,630,000
$1,070,000
$1,367,500
$1,000,000
$1,575,000
$1,087,500
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 8.7%
- 6.5%
+ 15.2%
- 16.1% - 6.5%
+ 15.2%
- 16.1% + 8.7%
2022 2023 2024 2022 2023 2024 2022 2023 2024
+ 3.5% + 3.5% - 0.2%
- 0.2%
Average Sales Price
Average Sales
Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 $1,823,104 -24.6% $1,296,409 -7.3%
Mar-2023 $2,272,702 -10.3% $1,207,124 -14.5%
Apr-2023 $2,209,070 -12.0% $1,370,225 -7.1%
May-2023 $2,145,625 -11.0% $1,171,111 -16.5%
Jun-2023 $2,009,398 -14.7% $1,300,566 -4.8%
Jul-2023 $1,835,021 -10.9% $1,213,203 -17.3%
Aug-2023 $2,141,891 +10.0% $1,211,778 +3.1%
Sep-2023 $2,012,607 +7.0% $1,342,704 -0.0%
Oct-2023 $2,312,677 +4.6% $1,265,490 -10.8%
Nov-2023 $2,018,188 +6.5% $1,241,516 -10.9%
Dec-2023 $1,973,556 +5.5% $1,166,449 +6.2%
Jan-2024 $2,245,947 +24.0% $1,445,391 +14.3%
12-Month Avg* $2,091,292 -5.4% $1,262,963 -8.0%
Historical Average Sales Price by Month
* Avg. Sales Price for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 8
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$1,971,756
$1,311,263
$1,811,636
$1,264,429
$2,245,947
$1,445,391
Single Family Condo/TIC/Coop
January
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
$1,971,756
$1,311,263
$1,811,636
$1,264,429
$2,245,947
$1,445,391
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 14.3%
- 3.6%
+ 24.0%
- 8.1% - 3.6%
+ 24.0%
- 8.1% + 14.3%
2022 2023 2024 2022 2023 2024 2022 2023 2024
+ 1.3% + 1.3% + 8.3%
+ 8.3%
Days on Market Until Sale
Days on Market
Until Sale
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 33 +50.0% 59 +63.9%
Mar-2023 32 +100.0% 58 +70.6%
Apr-2023 31 +93.8% 56 +75.0%
May-2023 28 +33.3% 52 +40.5%
Jun-2023 26 +52.9% 50 +28.2%
Jul-2023 26 +23.8% 54 +10.2%
Aug-2023 36 +38.5% 57 +14.0%
Sep-2023 30 +7.1% 54 -6.9%
Oct-2023 23 -17.9% 47 +9.3%
Nov-2023 31 -11.4% 57 +11.8%
Dec-2023 40 +5.3% 77 +4.1%
Jan-2024 58 +16.0% 86 -1.1%
12-Month Avg* 31 +28.6% 58 +30.4%
Historical Days on Market Until Sale by Month
* Days on Market for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 9
Average number of days between when a property is listed and when an offer is accepted in a given month.
41
68
50
87
58
86
Single Family Condo/TIC/Coop
January
0
20
40
60
80
100
120
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
41
68
50
87
58
86
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
- 1.1%
+ 27.9%
+ 16.0%
+ 22.0% + 27.9%
+ 16.0%
+ 22.0% - 1.1%
2022 2023 2024 2022 2023 2024 2022 2023 2024
+ 2.5% + 2.5% - 9.3%
- 9.3%
Inventory of Active Listings
Inventory of Active
Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 284 -5.0% 725 -26.9%
Mar-2023 319 +1.3% 773 -26.2%
Apr-2023 342 +1.8% 789 -29.0%
May-2023 356 +7.6% 807 -28.0%
Jun-2023 323 -13.9% 792 -28.2%
Jul-2023 314 -14.4% 764 -25.2%
Aug-2023 343 -2.6% 701 -21.8%
Sep-2023 483 -0.4% 978 -11.5%
Oct-2023 452 -4.6% 977 -10.9%
Nov-2023 336 -10.4% 808 -7.3%
Dec-2023 169 -21.8% 474 -9.4%
Jan-2024 196 -24.6% 559 -14.4%
12-Month Avg* 326 -6.4% 762 -20.8%
Historical Inventory of Active Listings by Month
* Active Listings for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 10
The number of properties available for sale in active status at the end of a given month.
261
830
260
653
196
559
Single Family Condo/TIC/Coop
January
0
500
1,000
1,500
2,000
2,500
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
2022 2023 2024
- 14.4%
- 21.3%
- 24.6%
- 0.4%
2022 2023 2024
- 35.2% - 33.4%
% of Properties Sold Over List Price
% of Properties
Sold Over List Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 51.5% -40.7% 28.2% -51.7%
Mar-2023 62.3% -27.9% 36.3% -37.5%
Apr-2023 62.1% -30.0% 32.7% -47.9%
May-2023 63.3% -27.2% 40.9% -26.0%
Jun-2023 69.8% -19.1% 37.7% -34.2%
Jul-2023 66.7% -15.1% 30.7% -22.5%
Aug-2023 64.2% -14.7% 31.3% -15.6%
Sep-2023 69.0% +2.7% 31.2% +0.6%
Oct-2023 67.7% +5.6% 34.2% -8.8%
Nov-2023 62.0% +7.8% 33.1% +8.9%
Dec-2023 54.5% +11.9% 22.1% +41.7%
Jan-2024 50.5% +14.8% 19.3% +1.6%
12-Month Avg 63.1% -16.4% 32.5% -30.4%
Historical % of Properties Sold Over List Price by Month
* % of Properties Sold Over List Price for all properties from February 2023 through January
2024. This is not the average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 11
Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller
concessions.
75.4%
38.7%
44.0%
19.0%
50.5%
19.3%
Single Family Condo/TIC/Coop
January
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
75.4%
38.7%
44.0%
19.0%
50.5%
19.3%
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
+ 1.6%
- 50.9%
+ 14.8%
- 41.6% - 50.9%
+ 14.8%
- 41.6% + 1.6%
2022 2023 2024 2022 2023 2024 2022 2023 2024
+ 30.4% + 30.4% + 76.7%
+ 76.7%
% of List Price Received
% of List Price
Received
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 103.7% -14.4% 99.0% -6.7%
Mar-2023 107.9% -11.5% 100.4% -5.6%
Apr-2023 107.1% -13.0% 99.9% -6.8%
May-2023 108.2% -9.5% 100.1% -5.5%
Jun-2023 108.6% -7.0% 100.6% -4.5%
Jul-2023 108.3% -2.4% 99.6% -1.9%
Aug-2023 107.2% -1.0% 99.5% -1.2%
Sep-2023 107.6% -0.8% 99.0% -1.6%
Oct-2023 107.9% +0.7% 99.7% -0.7%
Nov-2023 106.1% +1.1% 100.1% +0.9%
Dec-2023 104.3% +1.4% 99.0% +0.9%
Jan-2024 104.6% +1.4% 96.7% -1.2%
12-Month Avg* 107.1% -5.8% 99.6% -3.7%
Historical % of List Price Received by Month
* % of List Price Received for all properties from February 2023 through January 2024. This is not
the average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 12
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given
month, not accounting for seller concessions.
117.4%
101.1%
103.2%
97.9%
104.6%
96.7%
Single Family Condo/TIC/Coop
January
117.4%
101.1%
103.2%
97.9%
104.6%
96.7%
Single Family Condo/TIC/Coop
Year to Date
90.0%
100.0%
110.0%
120.0%
130.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
2022 2023 2024
- 1.2%
- 3.2%
+ 1.4%
- 12.1%
2022 2023 2024
+ 11.5% + 2.4%
2022 2023 2024
- 1.2%
- 3.2%
+ 1.4%
- 12.1%
2022 2023 2024
+ 11.5% + 2.4%
Housing Affordability Ratio
Housing
Affordability Ratio
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 28 +3.7% 40 -18.4%
Mar-2023 25 +4.2% 44 -2.2%
Apr-2023 26 +23.8% 40 +8.1%
May-2023 25 +13.6% 43 +2.4%
Jun-2023 25 +8.7% 40 0.0%
Jul-2023 27 0.0% 39 -9.3%
Aug-2023 24 -14.3% 40 -21.6%
Sep-2023 24 0.0% 41 +5.1%
Oct-2023 22 -4.3% 35 -5.4%
Nov-2023 25 -7.4% 38 -5.0%
Dec-2023 28 +3.7% 46 -6.1%
Jan-2024 26 -16.1% 42 -12.5%
12-Month Avg* 26 +2.6% 41 -2.6%
Historical Housing Affordability Ratio by Month
* Affordability Ratio for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 13
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is
necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
32
57
31
48
26
42
Single Family Condo/TIC/Coop
January
20
40
60
80
100
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
2022 2023 2024
- 12.5%
- 15.8%
- 16.1%
- 3.1%
2022 2023 2024
- 11.1% - 9.5%
32
57
31
48
26
42
Single Family Condo/TIC/Coop
Year to Date
2022 2023 2024
- 12.5%
- 15.8%
- 16.1%
- 3.1%
2022 2023 2024
- 11.1% - 9.5%
Months Supply of Inventory
Months Supply of
Inventory
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Feb-2023 1.5 +25.0% 3.1 +14.8%
Mar-2023 1.8 +38.5% 3.5 +20.7%
Apr-2023 2.0 +42.9% 3.7 +15.6%
May-2023 2.1 +50.0% 4.0 +21.2%
Jun-2023 1.9 +18.8% 4.0 +17.6%
Jul-2023 1.9 +18.8% 4.0 +25.0%
Aug-2023 2.2 +37.5% 3.8 +31.0%
Sep-2023 3.1 +34.8% 5.4 +45.9%
Oct-2023 2.8 +21.7% 5.5 +41.0%
Nov-2023 2.1 +10.5% 4.5 +36.4%
Dec-2023 1.1 0.0% 2.6 +30.0%
Jan-2024 1.2 -7.7% 3.0 +11.1%
12-Month Avg* 2.0 +26.9% 3.9 +26.5%
Historical Months Supply of Inventory by Month
* Months Supply for all properties from February 2023 through January 2024. This is not the
average of the individual figures above.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 14
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
1.0
2.2
1.3
2.7
1.2
3.0
Single Family Condo/TIC/Coop
January
0.0
2.0
4.0
6.0
8.0
10.0
12.0
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024
Single Family Condo/TIC/Coop
2022 2023 2024
+ 11.1%
+ 22.7%
- 7.7%
+ 30.0%
2022 2023 2024
- 47.4% - 56.0%
All Properties Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change
+ 3.7%
Pending Sales 212 301 + 42.0% 212 301 + 42.0%
New Listings 516 535 + 3.7% 516 535
Sold Listings 207 210 + 1.4% 207 210 + 1.4%
Median Sales Price $1,212,500 $1,300,000 + 7.2% $1,212,500 $1,300,000 + 7.2%
+ 17.1%
74 + 7.2%
$1,785,289
-- --
Days on Market 69 74 + 7.2% 69
Avg. Sales Price $1,524,462 $1,785,289 + 17.1% $1,524,462
Active Listings 936 773 - 17.4% --
% of Properties Sold Over List Price 31.4% 33.3% + 6.1% 31.4%
32
33.3% + 6.1%
- 0.3%
26 - 18.8%
100.2%
% of List Price Received 100.5% 100.2% - 0.3% 100.5%
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 15
Months Supply 2.1 2.2 + 4.8% -- -- --
Affordability Ratio 32 26 - 18.8%
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
1-2021 1-2022 1-2023 1-2024
Activity by District
SF District 1: Northwest (Sea Cliff, Lake, Jordan Park / Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, Lone Mountain)
SF District 2: Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights)
SF District 3: Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview)
SF District 4: Twin Peaks W (Forest Hill (& Ext), W Portal, St Francis Wd, Balboa Terr, Mt Dav Manor, Ingleside Terr, Monterey Hts, Wstwd Pk & H'lnds, Shrwd Fst, Miraloma Pk, Dmnd Hts, Mdtwn Terr)
SF District 5: Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clarndn Hts, Corona Hts, Twin Pks, Glen Pk, Noe Vly, Eureka Vly / Dolores Hts, Mission Dolores, Duboce Trngl, Buena Vista / Ashbury Hts)
SF District 6: Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley)
SF District 7: North (Marina, Cow Hollow, Presidio Heights, Pacific Heights)
SF District 8: Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial District / Barbary Coast, Downtown, Van Ness / Civic Center, Tenderloin)
SF District 9: Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights)
SF District 10: Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayview, Silver Terr, Hunters Pt, Candlestick Pt, Bayview Hts, Little Hollywood, Visitation Vly, Crocker Amazon)
1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / –
Single Family
1 SF District 1 22 10 -54.5% 12 13 +8.3% $2,160,000 $1,715,000 -20.6% 49 79 +61.2% 1.3 0.7 -46.2%
2 SF District 2 29 21 -27.6% 20 14 -30.0% $1,435,000 $1,528,000 +6.5% 45 66 +46.7% 0.8 0.7 -12.5%
3 SF District 3 18 19 +5.6% 7 9 +28.6% $1,105,000 $1,100,000 -0.5% 45 33 -26.7% 1.4 1.7 +21.4%
4 SF District 4 24 21 -12.5% 16 13 -18.8% $1,447,500 $1,925,000 +33.0% 55 61 +10.9% 0.9 1.0 +11.1%
5 SF District 5 32 30 -6.3% 10 10 0.0% $1,855,000 $2,725,000 +46.9% 64 58 -9.4% 1.1 1.5 +36.4%
6 SF District 6 6 3 -50.0% 1 1 0.0% $4,500,000 $3,615,000 -19.7% 0 10 -- 2.0 1.1 -45.0%
7 SF District 7 27 19 -29.6% 2 8 +300.0% $5,855,000 $5,262,500 -10.1% 85 73 -14.1% 3.4 2.3 -32.4%
8 SF District 8 7 9 +28.6% 0 0 -- $0 $0 -- 0 0 -- 2.2 5.1 +131.8%
9 SF District 9 30 20 -33.3% 9 7 -22.2% $1,210,000 $1,600,000 +32.2% 36 51 +41.7% 1.5 1.2 -20.0%
10 SF District 10 65 44 -32.3% 23 16 -30.4% $1,040,000 $1,025,000 -1.4% 48 48 0.0% 1.7 1.3 -23.5%
Condo/TIC/Coop
1 SF District 1 24 17 -29.2% 7 5 -28.6% $1,100,000 $1,200,000 +9.1% 46 52 +13.0% 1.8 1.7 -5.6%
2 SF District 2 13 4 -69.2% 2 0 -100.0% $827,500 $0 -100.0% 111 0 -100.0% 3.7 1.2 -67.6%
3 SF District 3 3 2 -33.3% 2 0 -100.0% $630,000 $0 -100.0% 31 0 -100.0% 1.1 0.9 -18.2%
4 SF District 4 9 4 -55.6% 0 0 -- $0 $0 -- 0 0 -- 2.2 1.1 -50.0%
5 SF District 5 75 45 -40.0% 17 13 -23.5% $1,035,000 $1,180,000 +14.0% 73 92 +26.0% 1.7 1.4 -17.6%
6 SF District 6 51 31 -39.2% 10 11 +10.0% $1,067,900 $850,000 -20.4% 63 62 -1.6% 1.8 1.6 -11.1%
7 SF District 7 58 40 -31.0% 10 16 +60.0% $1,650,000 $1,747,500 +5.9% 88 102 +15.9% 2.3 2.1 -8.7%
8 SF District 8 137 144 +5.1% 21 36 +71.4% $975,000 $835,000 -14.4% 121 95 -21.5% 3.4 4.1 +20.6%
9 SF District 9 261 244 -6.5% 35 33 -5.7% $950,000 $1,100,000 +15.8% 90 79 -12.2% 3.3 4.3 +30.3%
10 SF District 10 22 28 +27.3% 1 0 -100.0% $590,000 $0 -100.0% 45 0 -100.0% 3.6 6.3 +75.0%
Key metrics by report month for the districts of San Francisco.
Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 16
Active Listings Sold Listings Median Sales Price Days on Market Months Supply

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San Francisco January 2024 Market Report

  • 1. January 2024 Monthly Snapshot One-Year Change in One-Year Change in Median Sales Price Single Family Median Sales Price Condo/TIC/Coop 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. Condo/TIC/Coop Activity Overview Inventory of Active Listings % of Properties Sold Over List Price % of List Price Received Housing Affordability Ratio All Properties Activity Overview New Listings Pending Sales Sold Listings Median Sales Price Average Sales Price Days on Market Until Sale Activity by District Monthly Indicators + 15.2% + 8.7% + 7.2% One-Year Change in U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023. New Listings were up 9.5 percent for single family homes and 1.2 percent for Condo/TIC/Coop properties. Pending Sales increased 32.2 percent for single family homes and 47.2 percent for Condo/TIC/Coop properties. The Median Sales Price was up 15.2 percent to $1,575,000 for single family homes and 8.7 percent to $1,087,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 7.7 percent for single family units but was up 11.1 percent for Condo/TIC/Coop units. Despite tepid sales activity, the persistent shortage of housing supply has helped prop up home values nationwide, with the median existing-home price rising 4.4% year-over-year to $382,600, according to NAR. Total unsold inventory was at 1 million units heading into January, an 11.5% decline from the previous month, for a 3.2 months’ supply at the current sales pace. Nationally, listing activity has started to pick up, and with mortgage rates stabilizing and housing completions on the rise, inventory is expected to improve in the coming months. Median Sales Price All Property Types Residential real estate activity in San Francisco County (Districts 1-10) composed of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Single Family Activity Overview Months Supply of Inventory For questions or more information, contact communications@sfrealtors.com.
  • 2. Single Family Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change + 9.5% 184 91 - 9.0% $1,575,000 + 15.2% + 24.0% Pending Sales 87 115 + 32.2% + 32.2% 87 115 New Listings 168 184 + 9.5% 168 Sold Listings 100 91 - 9.0% 100 Median Sales Price $1,367,500 $1,575,000 + 15.2% $1,367,500 58 + 16.0% $2,245,947 -- -- Days on Market 50 58 + 16.0% 50 Avg. Sales Price $1,811,636 $2,245,947 + 24.0% $1,811,636 Active Listings 260 196 - 24.6% -- % of Properties Sold Over List Price 44.0% 50.5% + 14.8% 44.0% 31 50.5% + 14.8% + 1.4% 26 - 16.1% 104.6% % of List Price Received 103.2% 104.6% + 1.4% 103.2% Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 2 Months Supply 1.3 1.2 - 7.7% -- -- -- Affordability Ratio 31 26 - 16.1% 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024
  • 3. Condo/TIC/Coop Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change + 1.2% Pending Sales 123 181 + 47.2% 123 181 + 47.2% New Listings 342 346 + 1.2% 342 346 Sold Listings 105 114 + 8.6% 105 114 + 8.6% Median Sales Price $1,000,000 $1,087,500 + 8.7% $1,000,000 $1,087,500 + 8.7% + 14.3% 86 - 1.1% $1,445,391 -- -- Days on Market 87 86 - 1.1% 87 Avg. Sales Price $1,264,429 $1,445,391 + 14.3% $1,264,429 Active Listings 653 559 - 14.4% -- % of Properties Sold Over List Price 19.0% 19.3% + 1.6% 19.0% 48 19.3% + 1.6% - 1.2% 42 - 12.5% 96.7% % of List Price Received 97.9% 96.7% - 1.2% 97.9% Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 3 Months Supply 2.7 3.0 + 11.1% -- -- -- Affordability Ratio 48 42 - 12.5% 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024
  • 4. New Listings New Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 173 -39.9% 313 -41.5% Mar-2023 242 -29.2% 362 -41.1% Apr-2023 237 -28.0% 327 -39.7% May-2023 277 -8.0% 320 -38.0% Jun-2023 217 -31.8% 314 -30.4% Jul-2023 190 -21.5% 243 -36.6% Aug-2023 252 +5.4% 289 -6.5% Sep-2023 373 +1.6% 552 -3.8% Oct-2023 245 +1.2% 308 -18.5% Nov-2023 102 -32.9% 153 0.0% Dec-2023 47 -34.7% 82 +5.1% Jan-2024 184 +9.5% 346 +1.2% 12-Month Avg 212 -17.0% 301 -26.0% Historical New Listings by Month Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 4 A count of the properties that have been newly listed on the market in a given month. 228 472 168 342 184 346 Single Family Condo/TIC/Coop January 0 200 400 600 800 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 228 472 168 342 184 346 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 1.2% - 27.5% + 9.5% - 26.3% - 27.5% + 9.5% - 26.3% + 1.2% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 9.9% - 9.9% - 12.3% - 12.3%
  • 5. Pending Sales Pending Sales Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 126 -41.1% 175 -39.0% Mar-2023 168 -41.5% 244 -44.2% Apr-2023 185 -31.2% 233 -32.1% May-2023 209 -16.1% 211 -36.4% Jun-2023 193 -2.0% 195 -25.0% Jul-2023 131 -27.6% 157 -29.3% Aug-2023 148 -18.2% 175 -24.6% Sep-2023 174 -7.9% 163 -23.5% Oct-2023 211 +8.2% 187 -15.4% Nov-2023 153 -7.8% 154 -3.8% Dec-2023 95 -18.1% 141 +15.6% Jan-2024 115 +32.2% 181 +47.2% 12-Month Avg 159 -18.1% 185 -24.9% Historical Pending Sales by Month Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 5 A count of the properties on which offers have been accepted in a given month. 145 251 87 123 115 181 Single Family Condo/TIC/Coop January 0 100 200 300 400 500 600 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 145 251 87 123 115 181 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 47.2% - 51.0% + 32.2% - 40.0% - 51.0% + 32.2% - 40.0% + 47.2% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 14.2% - 14.2% - 14.0% - 14.0%
  • 6. Sold Listings Sold Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 101 -36.5% 142 -43.2% Mar-2023 151 -41.2% 248 -37.1% Apr-2023 174 -32.3% 217 -43.2% May-2023 188 -33.3% 232 -37.0% Jun-2023 205 -17.7% 207 -33.0% Jul-2023 159 -12.6% 166 -29.4% Aug-2023 151 -20.5% 160 -32.5% Sep-2023 145 -19.4% 170 -19.0% Oct-2023 201 +4.7% 190 -15.2% Nov-2023 192 +3.2% 154 -25.6% Dec-2023 121 -21.4% 164 +11.6% Jan-2024 91 -9.0% 114 +8.6% 12-Month Avg 157 -21.3% 180 -29.5% Historical Sold Listings by Month Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 6 A count of the actual sales that closed in a given month. 130 186 100 105 91 114 Single Family Condo/TIC/Coop January 0 100 200 300 400 500 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 130 186 100 105 91 114 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 8.6% - 43.5% - 9.0% - 23.1% - 43.5% - 9.0% - 23.1% + 8.6% 2022 2023 2024 2022 2023 2024 2022 2023 2024 - 19.3% - 19.3% - 31.1% - 31.1%
  • 7. Median Sales Price Median Sales Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 $1,440,000 -25.4% $1,162,500 -5.3% Mar-2023 $1,695,000 -15.3% $1,060,000 -12.2% Apr-2023 $1,560,500 -23.9% $1,175,000 -14.2% May-2023 $1,650,000 -17.8% $1,062,500 -12.6% Jun-2023 $1,600,000 -14.9% $1,125,000 -9.3% Jul-2023 $1,450,000 -13.0% $1,135,000 -5.2% Aug-2023 $1,575,000 -1.9% $1,084,193 +8.4% Sep-2023 $1,580,000 -4.2% $1,050,000 -9.5% Oct-2023 $1,650,000 -1.2% $1,155,000 -3.8% Nov-2023 $1,528,500 +1.9% $1,115,053 -0.9% Dec-2023 $1,450,000 -5.7% $995,000 +4.7% Jan-2024 $1,575,000 +15.2% $1,087,500 +8.7% 12-Month Avg* $1,565,000 -11.5% $1,100,000 -8.3% Historical Median Sales Price by Month * Median Sales Price for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 7 Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. $1,630,000 $1,070,000 $1,367,500 $1,000,000 $1,575,000 $1,087,500 Single Family Condo/TIC/Coop January $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop $1,630,000 $1,070,000 $1,367,500 $1,000,000 $1,575,000 $1,087,500 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 8.7% - 6.5% + 15.2% - 16.1% - 6.5% + 15.2% - 16.1% + 8.7% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 3.5% + 3.5% - 0.2% - 0.2%
  • 8. Average Sales Price Average Sales Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 $1,823,104 -24.6% $1,296,409 -7.3% Mar-2023 $2,272,702 -10.3% $1,207,124 -14.5% Apr-2023 $2,209,070 -12.0% $1,370,225 -7.1% May-2023 $2,145,625 -11.0% $1,171,111 -16.5% Jun-2023 $2,009,398 -14.7% $1,300,566 -4.8% Jul-2023 $1,835,021 -10.9% $1,213,203 -17.3% Aug-2023 $2,141,891 +10.0% $1,211,778 +3.1% Sep-2023 $2,012,607 +7.0% $1,342,704 -0.0% Oct-2023 $2,312,677 +4.6% $1,265,490 -10.8% Nov-2023 $2,018,188 +6.5% $1,241,516 -10.9% Dec-2023 $1,973,556 +5.5% $1,166,449 +6.2% Jan-2024 $2,245,947 +24.0% $1,445,391 +14.3% 12-Month Avg* $2,091,292 -5.4% $1,262,963 -8.0% Historical Average Sales Price by Month * Avg. Sales Price for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 8 Average sales price for all closed sales, not accounting for seller concessions, in a given month. $1,971,756 $1,311,263 $1,811,636 $1,264,429 $2,245,947 $1,445,391 Single Family Condo/TIC/Coop January $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop $1,971,756 $1,311,263 $1,811,636 $1,264,429 $2,245,947 $1,445,391 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 14.3% - 3.6% + 24.0% - 8.1% - 3.6% + 24.0% - 8.1% + 14.3% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 1.3% + 1.3% + 8.3% + 8.3%
  • 9. Days on Market Until Sale Days on Market Until Sale Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 33 +50.0% 59 +63.9% Mar-2023 32 +100.0% 58 +70.6% Apr-2023 31 +93.8% 56 +75.0% May-2023 28 +33.3% 52 +40.5% Jun-2023 26 +52.9% 50 +28.2% Jul-2023 26 +23.8% 54 +10.2% Aug-2023 36 +38.5% 57 +14.0% Sep-2023 30 +7.1% 54 -6.9% Oct-2023 23 -17.9% 47 +9.3% Nov-2023 31 -11.4% 57 +11.8% Dec-2023 40 +5.3% 77 +4.1% Jan-2024 58 +16.0% 86 -1.1% 12-Month Avg* 31 +28.6% 58 +30.4% Historical Days on Market Until Sale by Month * Days on Market for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 9 Average number of days between when a property is listed and when an offer is accepted in a given month. 41 68 50 87 58 86 Single Family Condo/TIC/Coop January 0 20 40 60 80 100 120 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 41 68 50 87 58 86 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 - 1.1% + 27.9% + 16.0% + 22.0% + 27.9% + 16.0% + 22.0% - 1.1% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 2.5% + 2.5% - 9.3% - 9.3%
  • 10. Inventory of Active Listings Inventory of Active Listings Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 284 -5.0% 725 -26.9% Mar-2023 319 +1.3% 773 -26.2% Apr-2023 342 +1.8% 789 -29.0% May-2023 356 +7.6% 807 -28.0% Jun-2023 323 -13.9% 792 -28.2% Jul-2023 314 -14.4% 764 -25.2% Aug-2023 343 -2.6% 701 -21.8% Sep-2023 483 -0.4% 978 -11.5% Oct-2023 452 -4.6% 977 -10.9% Nov-2023 336 -10.4% 808 -7.3% Dec-2023 169 -21.8% 474 -9.4% Jan-2024 196 -24.6% 559 -14.4% 12-Month Avg* 326 -6.4% 762 -20.8% Historical Inventory of Active Listings by Month * Active Listings for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 10 The number of properties available for sale in active status at the end of a given month. 261 830 260 653 196 559 Single Family Condo/TIC/Coop January 0 500 1,000 1,500 2,000 2,500 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 - 14.4% - 21.3% - 24.6% - 0.4% 2022 2023 2024 - 35.2% - 33.4%
  • 11. % of Properties Sold Over List Price % of Properties Sold Over List Price Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 51.5% -40.7% 28.2% -51.7% Mar-2023 62.3% -27.9% 36.3% -37.5% Apr-2023 62.1% -30.0% 32.7% -47.9% May-2023 63.3% -27.2% 40.9% -26.0% Jun-2023 69.8% -19.1% 37.7% -34.2% Jul-2023 66.7% -15.1% 30.7% -22.5% Aug-2023 64.2% -14.7% 31.3% -15.6% Sep-2023 69.0% +2.7% 31.2% +0.6% Oct-2023 67.7% +5.6% 34.2% -8.8% Nov-2023 62.0% +7.8% 33.1% +8.9% Dec-2023 54.5% +11.9% 22.1% +41.7% Jan-2024 50.5% +14.8% 19.3% +1.6% 12-Month Avg 63.1% -16.4% 32.5% -30.4% Historical % of Properties Sold Over List Price by Month * % of Properties Sold Over List Price for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 11 Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller concessions. 75.4% 38.7% 44.0% 19.0% 50.5% 19.3% Single Family Condo/TIC/Coop January 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 75.4% 38.7% 44.0% 19.0% 50.5% 19.3% Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 + 1.6% - 50.9% + 14.8% - 41.6% - 50.9% + 14.8% - 41.6% + 1.6% 2022 2023 2024 2022 2023 2024 2022 2023 2024 + 30.4% + 30.4% + 76.7% + 76.7%
  • 12. % of List Price Received % of List Price Received Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 103.7% -14.4% 99.0% -6.7% Mar-2023 107.9% -11.5% 100.4% -5.6% Apr-2023 107.1% -13.0% 99.9% -6.8% May-2023 108.2% -9.5% 100.1% -5.5% Jun-2023 108.6% -7.0% 100.6% -4.5% Jul-2023 108.3% -2.4% 99.6% -1.9% Aug-2023 107.2% -1.0% 99.5% -1.2% Sep-2023 107.6% -0.8% 99.0% -1.6% Oct-2023 107.9% +0.7% 99.7% -0.7% Nov-2023 106.1% +1.1% 100.1% +0.9% Dec-2023 104.3% +1.4% 99.0% +0.9% Jan-2024 104.6% +1.4% 96.7% -1.2% 12-Month Avg* 107.1% -5.8% 99.6% -3.7% Historical % of List Price Received by Month * % of List Price Received for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 12 Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 117.4% 101.1% 103.2% 97.9% 104.6% 96.7% Single Family Condo/TIC/Coop January 117.4% 101.1% 103.2% 97.9% 104.6% 96.7% Single Family Condo/TIC/Coop Year to Date 90.0% 100.0% 110.0% 120.0% 130.0% 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 - 1.2% - 3.2% + 1.4% - 12.1% 2022 2023 2024 + 11.5% + 2.4% 2022 2023 2024 - 1.2% - 3.2% + 1.4% - 12.1% 2022 2023 2024 + 11.5% + 2.4%
  • 13. Housing Affordability Ratio Housing Affordability Ratio Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 28 +3.7% 40 -18.4% Mar-2023 25 +4.2% 44 -2.2% Apr-2023 26 +23.8% 40 +8.1% May-2023 25 +13.6% 43 +2.4% Jun-2023 25 +8.7% 40 0.0% Jul-2023 27 0.0% 39 -9.3% Aug-2023 24 -14.3% 40 -21.6% Sep-2023 24 0.0% 41 +5.1% Oct-2023 22 -4.3% 35 -5.4% Nov-2023 25 -7.4% 38 -5.0% Dec-2023 28 +3.7% 46 -6.1% Jan-2024 26 -16.1% 42 -12.5% 12-Month Avg* 26 +2.6% 41 -2.6% Historical Housing Affordability Ratio by Month * Affordability Ratio for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 13 This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. 32 57 31 48 26 42 Single Family Condo/TIC/Coop January 20 40 60 80 100 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 - 12.5% - 15.8% - 16.1% - 3.1% 2022 2023 2024 - 11.1% - 9.5% 32 57 31 48 26 42 Single Family Condo/TIC/Coop Year to Date 2022 2023 2024 - 12.5% - 15.8% - 16.1% - 3.1% 2022 2023 2024 - 11.1% - 9.5%
  • 14. Months Supply of Inventory Months Supply of Inventory Single Family Year-Over-Year Change Condo/TIC/ Coop Year-Over-Year Change Feb-2023 1.5 +25.0% 3.1 +14.8% Mar-2023 1.8 +38.5% 3.5 +20.7% Apr-2023 2.0 +42.9% 3.7 +15.6% May-2023 2.1 +50.0% 4.0 +21.2% Jun-2023 1.9 +18.8% 4.0 +17.6% Jul-2023 1.9 +18.8% 4.0 +25.0% Aug-2023 2.2 +37.5% 3.8 +31.0% Sep-2023 3.1 +34.8% 5.4 +45.9% Oct-2023 2.8 +21.7% 5.5 +41.0% Nov-2023 2.1 +10.5% 4.5 +36.4% Dec-2023 1.1 0.0% 2.6 +30.0% Jan-2024 1.2 -7.7% 3.0 +11.1% 12-Month Avg* 2.0 +26.9% 3.9 +26.5% Historical Months Supply of Inventory by Month * Months Supply for all properties from February 2023 through January 2024. This is not the average of the individual figures above. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 14 The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. 1.0 2.2 1.3 2.7 1.2 3.0 Single Family Condo/TIC/Coop January 0.0 2.0 4.0 6.0 8.0 10.0 12.0 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 1-2024 Single Family Condo/TIC/Coop 2022 2023 2024 + 11.1% + 22.7% - 7.7% + 30.0% 2022 2023 2024 - 47.4% - 56.0%
  • 15. All Properties Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 1-2023 1-2024 Percent Change YTD 2023 YTD 2024 Percent Change + 3.7% Pending Sales 212 301 + 42.0% 212 301 + 42.0% New Listings 516 535 + 3.7% 516 535 Sold Listings 207 210 + 1.4% 207 210 + 1.4% Median Sales Price $1,212,500 $1,300,000 + 7.2% $1,212,500 $1,300,000 + 7.2% + 17.1% 74 + 7.2% $1,785,289 -- -- Days on Market 69 74 + 7.2% 69 Avg. Sales Price $1,524,462 $1,785,289 + 17.1% $1,524,462 Active Listings 936 773 - 17.4% -- % of Properties Sold Over List Price 31.4% 33.3% + 6.1% 31.4% 32 33.3% + 6.1% - 0.3% 26 - 18.8% 100.2% % of List Price Received 100.5% 100.2% - 0.3% 100.5% Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 15 Months Supply 2.1 2.2 + 4.8% -- -- -- Affordability Ratio 32 26 - 18.8% 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024 1-2021 1-2022 1-2023 1-2024
  • 16. Activity by District SF District 1: Northwest (Sea Cliff, Lake, Jordan Park / Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, Lone Mountain) SF District 2: Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights) SF District 3: Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview) SF District 4: Twin Peaks W (Forest Hill (& Ext), W Portal, St Francis Wd, Balboa Terr, Mt Dav Manor, Ingleside Terr, Monterey Hts, Wstwd Pk & H'lnds, Shrwd Fst, Miraloma Pk, Dmnd Hts, Mdtwn Terr) SF District 5: Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clarndn Hts, Corona Hts, Twin Pks, Glen Pk, Noe Vly, Eureka Vly / Dolores Hts, Mission Dolores, Duboce Trngl, Buena Vista / Ashbury Hts) SF District 6: Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley) SF District 7: North (Marina, Cow Hollow, Presidio Heights, Pacific Heights) SF District 8: Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial District / Barbary Coast, Downtown, Van Ness / Civic Center, Tenderloin) SF District 9: Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights) SF District 10: Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayview, Silver Terr, Hunters Pt, Candlestick Pt, Bayview Hts, Little Hollywood, Visitation Vly, Crocker Amazon) 1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / – 1-2023 1-2024 + / – Single Family 1 SF District 1 22 10 -54.5% 12 13 +8.3% $2,160,000 $1,715,000 -20.6% 49 79 +61.2% 1.3 0.7 -46.2% 2 SF District 2 29 21 -27.6% 20 14 -30.0% $1,435,000 $1,528,000 +6.5% 45 66 +46.7% 0.8 0.7 -12.5% 3 SF District 3 18 19 +5.6% 7 9 +28.6% $1,105,000 $1,100,000 -0.5% 45 33 -26.7% 1.4 1.7 +21.4% 4 SF District 4 24 21 -12.5% 16 13 -18.8% $1,447,500 $1,925,000 +33.0% 55 61 +10.9% 0.9 1.0 +11.1% 5 SF District 5 32 30 -6.3% 10 10 0.0% $1,855,000 $2,725,000 +46.9% 64 58 -9.4% 1.1 1.5 +36.4% 6 SF District 6 6 3 -50.0% 1 1 0.0% $4,500,000 $3,615,000 -19.7% 0 10 -- 2.0 1.1 -45.0% 7 SF District 7 27 19 -29.6% 2 8 +300.0% $5,855,000 $5,262,500 -10.1% 85 73 -14.1% 3.4 2.3 -32.4% 8 SF District 8 7 9 +28.6% 0 0 -- $0 $0 -- 0 0 -- 2.2 5.1 +131.8% 9 SF District 9 30 20 -33.3% 9 7 -22.2% $1,210,000 $1,600,000 +32.2% 36 51 +41.7% 1.5 1.2 -20.0% 10 SF District 10 65 44 -32.3% 23 16 -30.4% $1,040,000 $1,025,000 -1.4% 48 48 0.0% 1.7 1.3 -23.5% Condo/TIC/Coop 1 SF District 1 24 17 -29.2% 7 5 -28.6% $1,100,000 $1,200,000 +9.1% 46 52 +13.0% 1.8 1.7 -5.6% 2 SF District 2 13 4 -69.2% 2 0 -100.0% $827,500 $0 -100.0% 111 0 -100.0% 3.7 1.2 -67.6% 3 SF District 3 3 2 -33.3% 2 0 -100.0% $630,000 $0 -100.0% 31 0 -100.0% 1.1 0.9 -18.2% 4 SF District 4 9 4 -55.6% 0 0 -- $0 $0 -- 0 0 -- 2.2 1.1 -50.0% 5 SF District 5 75 45 -40.0% 17 13 -23.5% $1,035,000 $1,180,000 +14.0% 73 92 +26.0% 1.7 1.4 -17.6% 6 SF District 6 51 31 -39.2% 10 11 +10.0% $1,067,900 $850,000 -20.4% 63 62 -1.6% 1.8 1.6 -11.1% 7 SF District 7 58 40 -31.0% 10 16 +60.0% $1,650,000 $1,747,500 +5.9% 88 102 +15.9% 2.3 2.1 -8.7% 8 SF District 8 137 144 +5.1% 21 36 +71.4% $975,000 $835,000 -14.4% 121 95 -21.5% 3.4 4.1 +20.6% 9 SF District 9 261 244 -6.5% 35 33 -5.7% $950,000 $1,100,000 +15.8% 90 79 -12.2% 3.3 4.3 +30.3% 10 SF District 10 22 28 +27.3% 1 0 -100.0% $590,000 $0 -100.0% 45 0 -100.0% 3.6 6.3 +75.0% Key metrics by report month for the districts of San Francisco. Current as of February 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 16 Active Listings Sold Listings Median Sales Price Days on Market Months Supply