San Francisco Real Estate January 2024 Report

San Francisco Annual Sales Volume Number of Home Sales by Year, since 2005*

2023 sales volume was down about 27% from 2022.

8,000

7663

Annual Sales Sales volume is affected by both buyer demand and the number of listings available to purchase, which are deeply impacted by positive and negative economic conditions. Large shifts can occur within a single calendar year, as occurred in 2022.

7108

7,000

6398

6326

6141

5852

5802

6,000

5710

5645

5552

5489

5474 5370

5361

5331

4975

4866

Subprime bubble

5,000

Pandemic market

4645

Market recovery and high-tech boom

4125

4,000

Interest rates soar

Foreclosure crisis & great recession

3,000

2,000

1,000

0

*All attached and detached residential home sales reported to NorCal MLS Alliance per Infosparks calculations. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, with last year’s total estimated based on available data in early January, and may change due to late-reported sales. Not all sales are reported to MLS. In San Francisco, many new-project condo sales are not reported.

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