Top Mega Teams in San Francisco, California – Ranked by Sides

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    1City Real EstateCity Real EstateSan Francisco, CA 281.0View Profile
    2Momentum RealtyMomentum RealtySan Francisco, CA 225.0View Profile
    3BarbCo Real EstateBarbCo Real EstateSan Francisco, CA 148.0View Profile
    4Elite TeamCENTURY 21 Real Estate AllianceSan Francisco, CA 65.2View Profile

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    2023 San Francisco, California Housing Market Summary

    San Francisco, California started 2023 with a total of 198 single-family homes on the market, with a median home price of $1,500,000 and an average price per square foot of $1,131. By the end of the year, inventory had decreased to 150 homes on the market (-24%), with a median home price of $1,521,000 (+1%) and an average price per square foot of $1,090 (-3%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 91 days.

    San Francisco started the year with 30% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of San Francisco homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that San Francisco started 2023 as a strong seller’s market, with an MAI score of 73; by the end of the year, the MAI had dropped to 71 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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