Due to lack of inventory, San Francisco is really heating up for the summer. The Median Sales Price was up 35.6 % to $1,055,000 for single family homes and 18.2 % to $827,500 for Condo/TIC/Coop properties. Supply of Inventory decreased 23.1 % for single family units and 36.4 % for Condo/TIC/Coop units.
You can almost say good by to the 3% loans. Interest rates are going up as well. Making it even harder for buyers to purchase anything in San Francisco. But, loans are still cheap, don’t wait until they reach double digits again.