San Francisco Housing Market Update for this week November 1, 2022

Here are this week’s San Francisco housing market numbers.

Not a whole lot has changed for single-family homes in San Francisco’s housing numbers
We saw
54 new homes hit the market
34 homes went pending
45 homes closed last week
11 properties expired or were taken out of the market giving us a total of
417 active listings

For condos, TIC’s and townhomes we saw the numbers dip substantially from last week. We had
62 new properties hit the market
35 properties went pending
48 listings closed
32 expired listings, giving us a total of
994 active listings

I know a lot of media outlets are all doom and gloom but for buyers. If you can afford the new interest rate hikes, it could be a great time to buy a home for anyone that selling a property I recommend that you do as much research as you can with your local market and hire a local real estate expert that could give you the true facts about current market trends. In many parts of San Francisco, we are still seeing multiple offers and High-over bidding but that’s not the case for everyone. So consultant trusted expert.