415.205.5584

Market News

San Francisco Home Prices, Market Conditions & Trends July 2024

San Francisco Home Prices, Market Conditions & Trends July 2024

The median house sales price in Q2 2024 rose 6% from Q2 2023, while the median condo sales price declined by 2.5%.  

Sonoma County Home Prices, Market Trends June 2024

Sonoma County Home Prices, Market Trends June 2024

As of June 1, there were 67 homes for sale at prices of $5 million+. 12 homes have sold for $5 million+ so far in 2024, double the number which sold in the same period of 2023. 36% of home sales in May sold over asking price.    

Lamorinda Home Prices, Market Conditions & Trends June 2024

Lamorinda Home Prices, Market Conditions & Trends June 2024

The number of new listings coming on market in the first 5 months of 2024 increased 14% year over year. The number of active and coming-soon listings on June 1, 2024 was the highest count in over 2 years.

Napa County Home Prices, Market Conditions June 2024

Napa County Home Prices, Market Conditions June 2024

The 3-month-rolling median house sales price in May rose about 9% year over year. The median dollar per square foot value hit an all-time high.

 

 


.

 

 

Diablo Valley Home Prices, Market Trends & Conditions June 2024

Diablo Valley Home Prices, Market Trends & Conditions June 2024

It is not unusual for home listing and sales activity to slow in summer.

Santa Clara County Home Prices, Market Conditions June 2024

Santa Clara County Home Prices, Market Conditions June 2024

An estimated 30% to 40% of national homebuyers have been paying all cash. Stock markets once again hit new all-time highs, with substantial effect on household wealth.

 

 


.

 

 

Marin County Home Prices, Market Conditions & Trends June 2024

Marin County Home Prices, Market Conditions & Trends June 2024

Average days on market were the lowest in 12 months. 30-year-loan interest rates hovered around 7% in May and early June, which many buyers and sellers have clearly come to accept as the new normal.

 

 


.

 

 

Oakland-Berkeley Inner East Bay Home Prices, Market Trends June 2024

Oakland-Berkeley Inner East Bay Home Prices, Market Trends June 2024

82% of house sales and 44% of condo sales sold for over asking price in May. House sales averaged a sales price almost 13% over asking price, while condos averaged a sale price about a half percent higher than asking price. Both were the highest percentages since mid-2022.

San Mateo County Home Prices, Market Conditions June 2024

San Mateo County Home Prices, Market Conditions June 2024

Year over year, 2024 YTD home sales volume was up about 12% from 2023, while luxury home sales of $5 million+ soared 62%.

 

 


.

 

 

San Francisco Home Prices, Market Conditions & Trends June 2024

San Francisco Home Prices, Market Conditions & Trends June 2024

The 3-month-rolling median house sales price in May, at $1,735,000, hit its highest value since mid-2022. The median condo sales price, $1,135,500, declined about 1% year over year.    

Sonoma County Home Prices, Market Trends May 2024

Sonoma County Home Prices, Market Trends May 2024

Home prices, sales volume, luxury sales, the number of new listings, and overbidding – all increased as the market moved deeper into spring.    

Lamorinda Home Prices, Market Conditions & Trends May 2024

Lamorinda Home Prices, Market Conditions & Trends May 2024

Economic conditions can be subject to significant volatility, even over the short term.

Napa County Home Prices, Market Conditions May 2024

Napa County Home Prices, Market Conditions May 2024

Last period figures may change with late-reported activity. All numbers to be considered approximate.

 


.

 

 

Santa Clara County Home Prices, Market Conditions May 2024

Santa Clara County Home Prices, Market Conditions May 2024

For the time being, the Fed has been standing pat, as it has since August.

 

 

 


.

 

Diablo Valley Home Prices, Market Trends & Conditions May 2024

Diablo Valley Home Prices, Market Trends & Conditions May 2024

Buyers and sellers seem to be taking the recent rise in interest rates in stride, and moving forward with life plans.

Marin County Home Prices, Market Conditions & Trends May 2024

Marin County Home Prices, Market Conditions & Trends May 2024

Speculation as to what the Fed may or may not do with its benchmark rate has been shifting for months from optimistic (will cut rates, perhaps several times in 2024) to pessimistic (won’t cut rates this year), back and forth, with the release of each new economic indicator.

 


.

 

Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2024

Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2024

Mortgage interest rates to climb back above 7% – though remaining well below rates seen last fall.

San Mateo County Home Prices, Market Conditions May 2024

San Mateo County Home Prices, Market Conditions May 2024

Inflation & interest rates: The general inflation reading for March – released in April – unexpectedly ticked up to 3.5%, significantly higher than the Fed’s goal of 2%.

 


.

 

San Francisco Home Prices, Market Conditions & Trends May 2024

San Francisco Home Prices, Market Conditions & Trends May 2024

Home prices, sales volume, luxury sales, the number of new listings, and overbidding – all increased as the market moved deeper into spring. But not every listing sells: Price reductions also rose in April. Preparing, pricing and marketing the home properly still matter.   .

Sonoma County Home Prices, Market Trends April 2024

Sonoma County Home Prices, Market Trends April 2024

In the 8 weeks through early April, the weekly average, 30-year conforming-loan interest rate has oscillated between 6.74% and 6.94%: Up from January, but still well down from last fall.  


Skip to content