Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

San Francisco Real Estate Market Shows SHOCKING Strength

Name: San Francisco Real Estate Market Shows SHOCKING Strength
Uploaded: 2025-05-21T00:00:40+00:00
Duration: 54 s
Channel: Austin Klar
Description: In this YouTube market update, Austin Klar reports that the San Francisco single‑family home market shows no signs of slowing despite global market…

21 May 2025 · 1 min

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0:54

In this YouTube market update, Austin Klar reports that the San Francisco single‑family home market shows no signs of slowing despite global market volatility caused by recent tariff issues. He highlights week‑over‑week increases in listings absorbed and new pending contracts, and a decline in the percentage of homes cutting their asking price, indicating robust buyer demand against a backdrop of extremely low inventory. Comparing Q1 2025 to Q1 2024, Klar notes that price per square foot rose 3.2%, the average days on market fell from 34 to 27, and homes sold for an average of 6% above ask versus 2% the prior year. He concludes that sellers retain strong leverage heading into the peak selling season and invites viewers to follow him for further updates and to reach out for more information.

Chapters

There are zero signs of slowdown in the market for single-family homes in San Francisco, notwithstanding the latest tariff drama absolutely wrecking our global markets. Even in one of the most volatile weeks in stock market history, the number of listings absorbed and the number of new pending contracts rose week over week, and the percentage of homes on the market cutting their ask price fell week over week, indicating strong demand in relation to our very low levels of existing supply. In Q1 2025 compared to Q1 2024, the market's performed relatively well, predominantly because of how few homes are actually on the market. Price per foot rose 3.2% in the first first quarter of 2025 compared to the first quarter of 2024. Average home sold in 27 days on market compared to 34 days in the same period last year. And they sold for 6% above ask on average compared to 2% the same quarter last year. Sellers of single-family homes in San Francisco still hold the most leverage and there are no signs of that changing as we head into the peak selling season. Follow me for more market updates and reach out for more information about what's going on.