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San Francisco Real Estate Market Update 2024 | Trends & Prices for Buyers and Sellers | Rise Homes

🏡San Francisco real estate market is buzzing with activity, even as the national housing market slows down. While U.S. home sales hit their lowest in over a decade, San Francisco is telling a different story, with rising prices and growing demand keeping things exciting. If you're curious about what that means for you, keep reading—we’ve got you covered. 🏠 For single-family homes, there’s good news! New listings are up 7.3%, and pending sales have surged 28.1%. The median sales price climbed 6.1% to $1,750,000, showing strong demand. But here’s the catch—inventory is shrinking, with months of supply dropping 34.5%. Homes are moving quickly, so it’s all about timing if you’re in the market. ⏰ 🏢 Condos and TICs? They’re on fire🔥 Pending sales jumped 35.5%, and new listings rose 5.8%. The median price now sits at $1,249,500—up 8.2%. That said, fewer options are available, with months of supply down 14.5%. If you’re eyeing a condo, you’ll want to be ready to move fast when you find “the one.” 🏙️ 🎯 What does this mean for YOU? Sellers, this is your moment—demand is high, prices are rising, and buyers are eager. For buyers, it’s all about being prepared and decisive to secure the home you love. This market moves fast, and having the right guidance can make all the difference. 💌 Want to stay ahead of the game? Subscribe to our updates or drop us a message today—we’d love to help you navigate the Bay Area real estate market! #BayAreaRealEstate #SFHomeSales #SanFranciscoProperties #BayAreaHomes #SFRealEstateMarket #BayAreaLiving #SFHomeBuyers #BayAreaRealtor #SanFranciscoCondos #BayAreaHousing Subscribe to our email newsletter here: http://bit.ly/3XpkH Contact us at: Phone - 650.293.0158 Email - [email protected] DRE# 01872572 Schedule a time to speak with Joe at: https://calendly.com/joepolyak Check out our home valuation tool to get an idea of what your home is worth at https://www.homesbyrise.com/home-valu... You can learn more about us at the links below: Website - https://www.homesbyrise.com/ Zillow - https://www.zillow.com/profile/JoePol... Facebook -   / homesbyrise   Instagram - https://www.instagram.com/homesbyrise... Linkedin -   / rise-homes   Google - https://g.page/HomesbyRise?gm Yelp - https://www.yelp.com/biz/joe-polyak-r... RISE Homes is a leading San Francisco Bay Area real estate team. We specialize in residential real estate sales in all six of the SF Bay Area counties; San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, and Marin. We have agents and operations staff who specialize and are very familiar (most of us are SF Bay Area natives) with their respective geographic territory. Our primary focus is on helping our clients navigate the highly competitive San Francisco real estate market, and in the process, conducting ourselves with integrity and transparency while always focusing on continuous improvement. Joe Polyak is the Founder of RISE Homes. Joe was born and raised in San Francisco, and currently lives in San Mateo, CA with his wife Valerie, daughter Autumn, their two dogs, Bonnie the pitbull-mutt and Daisy the pug, and their turtle, Donatello. Joe has been in real estate since 2010, and is a top 1% agent in the San Francisco Bay Area, with over $80,000,000 per year in sales volume. Joe built his business by specializing in probate/trust sales and working with and educating first time home buyers.