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June
San Francisco Real Estate Market Update for
May 2007

The number of Single Family Homes sold for May increased from April in San Francisco Real Estate. The average listing and selling prices were both significantly higher than the previous month as well as a year ago. The average selling price was over 104% of the average listing price. The average days on the market increased slightly to 38.

The number of Condominiums sold in May increased from April in the San Francisco Real Estate Market. The average selling price was over 102% of the average listing price. The average listing price was slightly lower than last month, but theselling price was higher than April as well as a year ago. The average days on the market dropped to 44.

The number of homes sold in the Overall Sales category for May in San Francisco Real Estate increased dramatically from April and was higher than a year ago. The average selling price was over 103% of the average listing price, and slightly higher than last month as well as a year ago. The average days on the market dropped to 42.

Spring has been a great market. Lack of inventory combined with a high demand are creating the environment for multiple and preemptive offers. This is the time to think about selling!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

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

Regular features

• Weekly update from the President Coldwell Banker, San Francisco Bay Area about the San Francisco Real Estate market. For an e-mail alert when this report is updated, send a note to info@SFResidence.com with "weekly market report" in the subject line.
  
  
• List of our monthly newsletters.
  
  
• Blog to participate in our San Francisco Real Estate Market discussions!
  
  
• Z-Estimates - For quick estimates of your property's value! For accurate and detailed estimates, call us.

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

May statistical market history is now online.

May 2007 **

April 2007 **

May 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.