san-francisco-real-estate-april-2023-report

The SF Team

San Francisco Real Estate April 2023 Report

April 10, 2023 by The SF Team

April 2023 Bay Area real estate report excerpt on market recovery, low listings, and declining home prices. Chart of San Francisco quarterly median house prices, 2012–2023, showing a decline to $1,528,000 in Q1 2023. Chart of San Francisco condo prices by quarter, 2012–2023, with Q1 2023 down about 7% year over year. San Francisco home value chart comparing condo and house prices per square foot from 2012 to early 2023. Chart of weekly 30-year mortgage rates from January 2022 to April 2023, peaking above 7% in November. Chart comparing monthly new listings in San Francisco from December 2019 to March 2023, with March bars highlighted. Bar chart of San Francisco active and coming-soon listings, peaking at 1,558 in October 2022 and reaching 1,082 in April 2023. San Francisco real estate supply-and-demand chart by price segment and property type, with listings, monthly sales, and months of inventory. San Francisco active-listings bar chart, January 2019–March 2023, with March comparisons highlighted. Chart of San Francisco pending listings by month, January 2019–March 2023, with March comparisons highlighted. Chart of San Francisco listings going into contract monthly, comparing houses with condos and co-ops from 2020 to 2023. Bar chart of San Francisco monthly home sales, January 2019–March 2023, highlighting March comparisons and a 38% annual decline. Chart of San Francisco $3 million-plus home sales by month from 2019 to March 2023. Chart of Bay Area $5 million-plus home sales, with monthly counts from January 2021 to March 2023. Table comparing early spring 2023 values for large homes across Bay Area counties. Chart of San Francisco active-listing price reductions from 2018 to 2023, with prominent October peaks. Chart tracking the share of San Francisco home sales above list price from 2018 to March 2023. Chart comparing San Francisco house and condo sale prices to original list prices, January 2019–March 2023. San Francisco average days on market chart comparing condos and houses from January 2019 to March 2023. Map showing county-level net domestic migration across the United States in 2021–2022. Real estate market report notes define statistics and pricing measures, followed by a Compass disclaimer.

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