Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

San Francisco Home Sellers are Better Off Today Than Last Year

Name: San Francisco Home Sellers are Better Off Today Than Last Year
Uploaded: 2025-01-28T02:00:01+00:00
Duration: 39 s
Channel: Austin Klar
Description: In this brief market commentary, Austin Klar outlines the positive post‑pandemic shifts in San Francisco that are boosting home‑seller advantage. He…

28 Jan 2025 · 1 min

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In this brief market commentary, Austin Klar outlines the positive post‑pandemic shifts in San Francisco that are boosting home‑seller advantage. He notes that crime rates have fallen, more workers are returning to office locations, and the city’s population is growing. As a result, by December 2024 homes were selling about a week faster and for higher prices than in December 2023, and the ratio of home‑searchers to available listings has risen, indicating heightened buyer competition. Klar expects these trends to intensify heading into the busy spring selling season and invites viewers to contact him for further questions and to follow for updates.

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All the positive changes we're seeing in San Francisco right now are causing increased competition in home price growth after a fall post-pandemic. As crime trends down, workers are called back to the office, and population grows, at least as of December of 2024, homes sold about a week faster than they did in December of 2023, and they sold for more money. And the number of people searching for homes in relation to the number of homes actually available has grown, which means more competition. And that's likely only to intensify as the city continues the trajectory that we're seeing right now. Hopefully these trends continue as we get closer to the busy spring selling season. Reach out to me if you have any questions about the impact of the city's changes on the real estate market and follow me for more updates.