Curious about San Francisco’s Real Estate Rebound? Here’s a little something to get you caught up.
REAL ESTATE RESTART
Homebuyer interest recovered quickly and remains high despite the weaker economic environment, as low mortgage rates, virtual tools, and lockdown lifts have enabled many buyers to continue the home search process, albeit often with adaptations. Housing remains an essential good, and this activity demonstrates that real estate can remain fairly active even during recessionary periods.
Prices have regained momentum as the mix of inventory shifts back toward higher-priced properties and demand for entry-level properties surges. With overall inventory levels at historic lows and buyer interest high, sellers have regained confidence and leverage in recent weeks, which suggests that more price growth is likely ahead.
All of this indicates a strong restart for the real estate market. Please reach out if you have any questions about your home’s value in this hot market. We are here to help you and anyone you care about.
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