San Francisco Home Prices, Market Conditions & Trends February 2022
It’s Officially – “Twosday” – Happy 2-22-22!
Our San Francisco market appears to be rising again rapidly as we step into Spring. Historically, appreciation is spring-loaded and our market transitions into a calmer market as we move into the fall season.
Currently, as we step into March, the combination of extremely low inventory, rising interest rates, and inflation is keeping buyers focused on the few options available. Limited inventory of available homes, coupled with the new definition of “home” allows motivated buyers to explore new areas to evaluate all options and react quickly when a home “rings their bell”. It’s exciting to explore new neighborhoods with our clients to review all options and possibilities.
How can we assist you and your friends? We know the market – we can help you navigate through it. We expect an increase in supply as we move into the first quarter of this year. Increased supply and softening demand could make it easier to secure your dreams as a buyer or seller. All current indicators suggest 2022 has the promise of proving to be a great year for buyers and sellers.
Let’s explore your questions – Contact us to discuss your plans for 2022. We invite you to reach out to us with any market questions, a market evaluation of your home’s current value, or any local or out-of-state real estate needs. If you are thinking of relocation or investment in another area in the coming year, now is an excellent time to start planning. We have all the market experience and the professional resources to collaborate with you to help achieve your goals.