Home prices were up during summer across the nation in year-over-year comparisons. It is widely believed that Federal Reserve Chair Janet Yellen will raise interest rates before the year is over. Low interest rates continue to drive home price appreciation. With rates sure to rise, now may be the best time to buy your new home, trade up or down, or simply cash out of the strong San Francisco real estate market.
For August 2015, the Median Sales Price was up 26.6% to $1,225,444 for single family homes and 12.4% to $1,045,000 for Condo/TIC/Coop properties.
Read the full report from the San Francisco Association of Realtors® here:
SFAR MarketFocus – August 2015