The San Francisco housing market has cooled significantly, with 20% of listings at risk of selling for less than purchase price, the highest among major U.S. metros. This risk varies based on when homes were bought: 34% of pandemic buyers, 22% post-pandemic, and 17% pre-pandemic face potential losses. Although the condo market has seen substantial drops, sellers often opt to wait for better offers or rent out their property. From 2020 to 2022, median prices peaked at $1.68 million, but the current market conditions are much less favorable.
In San Francisco, 20% of all listings are at risk of selling for less than homeowners bought them for, the largest share in the country among the top 50 metros.
34% of sellers who bought during the pandemic are at risk of losing money on the sale, compared to 9% nationally.
The condo market is seeing the largest slowdown, with 36% at risk of selling at a loss compared to just 10% nationally.
From 2020 to 2022, the median sale price in San Francisco climbed to a record $1.68 million, the second-highest among major U.S. metros.
Collection
[
|
...
]