May Housing Market Update for San Francisco

During April 2021 in San Francisco, the median single-family home price rose once again to an all-time high, and condo prices fell. Year-over-year, single-family home prices meaningfully increased, up 10%, while condo prices declined 5%.  To say it’s a nutty market would be a huge understatement. Keep in mind the numbers take averages. There are certainly many properties (single family, condo, multi unit) not selling due to any number of reasons, but the big picture is definitely a searing hot single family home market in San Francisco. Marin is the same, but I don’t have those numbers here.

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