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April
San Francisco Real Estate Market Update for
March 2007

The number of Single Family Homes sold for March increased significantly from February in San Francisco Real Estate. The average listing and selling prices were both much higher than the previous month and much higher than a year ago. The average selling price was over 103% of the average listing price. The average days on the market dropped to 41, lower than the previous month.

The number of Condominiums sold in March also increased dramatically from February in the San Francisco Real Estate Market. The average selling price was over 100% of the average listing price. The average selling price was higher than last month but slightly lower than a year ago. The average days on the market dropped to 51, lower than the previous month.

The number of homes sold in the Overall Sales category for March in San Francisco Real Estate increased from February but was lower than a year ago. The average selling price was over 102% of the average listing price, and higher compared to last month as well as a year ago. The average days on the market dropped to 49, lower than the previous month.

Indications are that we are poised for a great spring market. Low inventory and high demand create the environment for multiple and preemptive offers where properties are sold for well over the asking price. This could be a great time to sell!

Mortgage rates are always changing. Foster Weeks does a weekly mortgage update, part of which is posted on our blog.

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Don't miss out on your opportunity to buy or sell! San Francisco Real Estate continues to be a great investment!

March statistical market history is now online.

March 2007 **

February 2007 **

March 2006 **

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.

Realtor.com is the official site of the National Association of Realtors® (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.