Covid-19 ImpactSan Francisco Real Estate April 30, 2021

COVID-19 Produced a 40% Increase in Home Sales

Home prices are up by 40%! Compare April 2021 to April 2019, which was before the COVID-19 pandemic reeked havoc and shut the city down, the number of properties sold is up by 40%, and available inventory is up by nearly 40%! This indicates there is still far more demand than supply — it is a seller’s market in San Francisco, especially for single-family homes. The current average sale price of $2,183,353 is an increase of about 12% vs April 2019.