San Francisco Condo Market Makes STUNNING Recovery in 2025
In this market update, Austin Klar highlights a notable recovery in San Francisco’s condominium market during Q1 2025. He reports that the share of condos reducing their list price is at its lowest point for this time of year in several years, while condo closings have risen 10% year‑over‑year and continue to increase month‑over‑month. Days on market have dropped 6% compared to Q1 2024, and condos are now selling above asking price on average, reversing last year’s trend of below‑ask sales. Klar attributes these improvements to the city’s ongoing efforts to curb crime and homelessness, declining office vacancy rates, and an influx of new jobs attracting more residents. He forecasts that inventory pressures will ease, leading to market stabilization and price appreciation, especially in the city’s most desirable neighborhoods. The video concludes with a call to follow for future updates and an invitation to reach out for more information.
