07/24/2024
San Francisco Market Update | Q2 2024
The real estate market remains segmented, with single-family homes continuing to dominate due to their limited supply and high demand. In Q2 2024, the median sales price for single-family homes increased by 6.3 percent compared to Q2 2023, and home sales surged by 15.5 percent year over year.
Since late 2023, affluent households have played a significant role in the housing market, spurred by the financial market rebound. Overbidding percentages have reached their highest levels in two years, while the number of price reductions has declined year over year.
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