In San Francisco, new Listings were down 5.9 percent for single family homes but increased 8.9 percent for Condo/TIC/Coop properties. Pending Sales increased 6.6 percent for single family homes and 10.1 percent for Condo/TIC/Coop properties.
San Francisco Median Sales Price was up 15.2 percent to $885,000 for single family homes and 24.6 percent to $860,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 25.0 percent for single family units and 28.6 percent for Condo/TIC/Coop units.
With mortgage rates slightly up, but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Housing continues to help the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters.
|July 2013||Median Price||Days on Market|
|Single-Family Homes||$885,000||33 Days|
To view the full July market report from the San Francisco Association of Relators click here.RELATED CONTENT