Resources >

Spring Has Sprung!

The San Francisco real estate market is showing signs of rebounding.

By Andrew Roth
May 15, 2007

The Spring 2007 real estate season has brought signs of a rebound from the transitional and plateauing market of 2006. The April Supply of Inventory Graph illustrates this trend, depicting days on the market and inventory levels for residential property in SF over the past 24 months.

Last year, many San Francisco buyers sat on the sidelines expecting home values to fall. With more buyers sitting still, housing sales slowed, and properties that were less attractive to buyers experienced price reductions and took longer to sell.

Today, many of those side-lined buyers have jumped back into the market, realizing that values are not as soft here as initially anticipated (hoped.) Since the first of the year, we've seen demand for residential property in San Francisco pick up. Properties that sat unsold at the end of last year, sold quickly after being re-listed in January, and many new listings are once again being bid-up beyond the asking prices.

For last month's neighborhood sales results, please note my April sales report, which includes the asking/selling prices and days on market for all property sales by district.

Back to Recent Articles.