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SFAR MarketFocus – May 2015

San Francisco market highlights for May 2015 from the San Francisco Association of Realtors®
New Listings were down 22.9% for single family homes and 19.3% for Condo/TIC/Coop properties. Pending Sales decreased 4.2% for single family homes and 1.4% for Condo/TIC/Coop properties.
The Median Sales Price was up 28.4% to $1,400,000 for single family homes and 19.7% to $1,125,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 16.7% for single family units and 25.0%for Co ndo/TIC/Coop units.
One interesting effect of a weaker-than-expected economy is that the Federal Reserve does not seem ready to raise short-term interest rates during summer, as some had suggested might happen. Read the full report:
SFAR MarketFocus – May 2015