2023 End Of Year Market Report

SAN FRANCISCO REGIONAL MARKET 2023 HOME SALES BY PRICE SEGMENT*

$4,000,000-$4,999,999

$5,000,000+ | .4% of sales were $10M+

$3,000,000-$3,999,999

4% 2% 2%

12% $2,000,000-$2,999,999

28%

82% of sales under $1,000,000 were condos, co-ops and TICs.There were over 4050 home sales in 2023. Under $1,000,000

There were over 4050 home sales in 2023.

19%

*Sales reported to NorCal MLS Alliance by 12/22/23. Not all sales are reported to MLS, especially many new-project condo sales. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate. Percentages rounded and may not add up to 100%. Sales by Property Type*

$1,500,000-$1,999,999

Sales by Property Type*

32%

50% of sales of $1m - $1,499,999 were condos, co-ops and TICs. $1,000,000-$1,499,999

House Condo TIC Co-op

47% 45% 6% 1%

SAN FRANCISCO ANNUAL NEW-LISTING VOLUME

NUMBER OF NEW LISTINGS COMING ON MARKET BY YEAR, SINCE 2005*

9985

The number of new listings in 2023 was the lowest in decades.

9807

10000

9274

9138 8988

8882

8792

8242

8178

7679

8000

7281

7255

7032

6922

6798 6716

6747 6626

6233

6000

4000

Pandemic Market

Interest Rates Soar

2000

Market Recovery and High-tech Boom

0

*Source: Sales reported to NorCal MLS Alliance, per Infosparks. Condos include co-op, townhouse, TIC sales. Not all sales are reported to MLS. Data from sources deemed reliable, but subject to error and revision. Last period estimated based on data available early in following month. All numbers approximate.

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