Early 2019 Market Signs Are Encouraging
Heading into 2019, the San Francisco real estate market was in an uncertain place. Despite the promise of local IPO activity heating things up this year, the market experienced a considerable softening in the fall, with price reductions and withdrawn listings all too common.
We’re happy to report that it’s been a great year so far. In February alone we closed two listings and six of our buyers went into contract. Each of those six buyer-represented deals was a multi-offer situation, showing just how much competition there is currently for inventory in the city. We believe things will only speed up as the year progresses, which should encourage would-be buyers and sellers to act.