Covid-19 ImpactSan Francisco Real Estate October 19, 2021

New Listings at All-time High

Massive Movement in the San Francisco Housing Market

New listings are at an all-time high and there is unprecedented activity in the residential housing market! For buyers, that means more choices than usual when it comes to finding a home. However, in San Francisco, both buyers and sellers benefit when more inventory is available. Buyers can finally enter the market with more options; sellers are getting top prices, and Bay Area moving, construction and residential services firms are thriving. 2020 ended as one of the most active in years, but 2021 is on track to be even better by a substantial margin.New Listings in San Francisco

Record High Inventory in September 2021

There are 74% more new listings in September 2021 than in September 2019 (pre-COVID-19) and 22% more new listings than 2020. Buyers have more market power when there is a larger number of active listings competing for qualified and motivated buyers. Of course, with so much competition, some sellers whose homes are not priced competitively will be stuck on the sidelines. Buyers will pay more and compete for remodeled and updated homes that are attractively priced.