San Francisco Real Estate January 2024 Report

San Francisco: 2023 Market Dynamics by Property Type & Price Average Months-Supply-of-Inventory (MSI) Readings*

Summary 2023 readings*

16

House Market: MSI

Condos, TICs, Co-ops: MSI

20+

14

MSI measures the number of months it would take to sell the listings on market at existing rates of sale: The lower the MSI reading, the stronger the demand as compared to the supply of listings for sale. In San Francisco, demand has been much stronger for houses than for condos, co-ops and TICs, and also stronger in lower compared to higher price segments.

12

10

9.3

8.3

7.9

8

6

4.8

4.6

4.2

4

3.4

2.6

2.5

2

0

Under $1,000,000 $1m - $1,999,999 $2m - $2,999,999 $3m - $4,999,999

$5 Million+

*An average of monthly MSI readings in 2023 through November: Sales reported to SFARMLS, per Broker Metrics. Outlier data adjusted when identified. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate.

Made with FlippingBook - Online magazine maker