Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

The 2024 San Francisco Housing Market Will SHOCK You

Name: The 2024 San Francisco Housing Market Will SHOCK You
Uploaded: 2024-04-05T23:00:17+00:00
Duration: 40 s
Channel: Austin Klar
Description: In this YouTube video, Austin Klar explains why San Francisco single‑family home prices rose in Q1 2024 despite higher mortgage rates compared to the…

5 Apr 2024 · 1 min

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0:40

In this YouTube video, Austin Klar explains why San Francisco single‑family home prices rose in Q1 2024 despite higher mortgage rates compared to the same period last year. He attributes the price increase to an exceptionally tight inventory—the tightest since the early pandemic—combined with stronger buyer demand relative to the limited supply, which has intensified competition and kept prices stable. Klar references a more detailed full‑length video on his channel that breaks down the Q1 market data, compares it to Q1 2023, and offers a forward‑looking outlook. He invites viewers who are buying, selling, or simply curious to watch the full video via the link in his bio and to ask questions in the comments.

Chapters

Mortgage interest rates are higher right now than they were at the same time last year. Yet prices for single-family homes in San Francisco are up Q1 of this year compared to Q1 of last year. And it's because of extremely tight inventory, lower than we've seen in the past several years. The only time in the last 4 years we've seen tighter inventories at the very start of the pandemic when nobody was listing their homes. Nobody was even leaving their home. We're also seeing greater demand in relation to that supply, which has led to more competition and more price stability. I made a full video breaking down everything that happened in the San Francisco housing market for single-family homes in Q1 of this year, how it relates to Q1 of last year, and what we can expect going forward. The full video's on my YouTube channel. If you're thinking about buying or selling, you're just curious about what's going on in the market, go check it out. Link's in my bio. And let me know if you have any questions in the comments.