2020 was a year of social, political, economic and environmental extremes with interest rates at historic lows, stock markets at new highs, billionaires decamping to save on taxes, IPO mania breaking out again, and vaccines beginning to arrive. The real estate market in SF saw complicated dynamics in supply & demand.....
but we finished 2020 with a strong recovery after an initial crash in activity.
Compared to 2019, the median sales price for condos were down 3% and up 3% for single family homes.
Active listings tapered down during the last 2 months after hitting a record high in August.
In December we saw a huge surge in the number of homes accepting offers.
2021 is off to a robust start with a flurry of new buyers entering the market and limited inventory.
Many condos that stayed on the market through the holidays are now in contract, and those that were pulled off the market are now quickly getting swooped up.
