San Francisco MarketTracker – February 2025

The San Francisco real estate market continues to experience shifts in pricing, inventory, and buyer demand. Mortgage rates have returned to pre-rate cut levels, signaling lender expectations of potential future rate hikes. Despite affordability concerns, home values continue to rise nationally, with median sale prices increasing 6.03% year-over-year.

Locally, San Francisco saw a notable price decline in January, with median single-family home prices falling 9.68% to $1,422,500 and condos dropping 8.76% to $990,000. However, single-family homes are still selling above asking, averaging 105% of list price.

Inventory remains tight despite more new listings, with active listings down 10.34% for single-family homes and 10.91% for condos compared to last year. This persistent shortage keeps San Francisco firmly in a sellers’ market, with just 1.1 months of supply for houses and 2.8 months for condos.

For buyers, competition remains fierce, but opportunities may emerge as affordability improves. Sellers still hold an advantage, particularly in the single-family market.

For deeper insights or assistance in navigating the market, contact Charlie Brown at (415) 722-3493.

MarketTracker North Bay Newsletter – February 2025

The North Bay real estate market remains strong despite fluctuating mortgage rates and inventory challenges. Interest rates have returned to pre-rate cut levels, impacting affordability but not deterring median home prices, which continue to rise. Inventory is growing faster than sales, hinting at potential affordability improvements in the coming months.

Key Highlights:

• Mortgage Rates: Rates have returned to pre-cut levels, suggesting the market anticipates future hikes due to persistent inflation.

• Inventory Growth: Year-over-year inventory grew by 16.16%, while existing home sales increased by 9.28%, slightly easing supply constraints.

• Median Home Prices: Despite higher rates, prices rose 6.03% YoY to $404,400 in December 2024.

• North Bay Trends:

  • Single-family home inventory dropped by 16.55% in January.

  • Marin County saw a 34% YoY increase in days on market; Napa condos surged 198% in market time.

  • Sonoma and Solano counties maintained price strength, while Marin and Napa adjusted after earlier spikes.

  • Napa remains a buyer’s market with 3.8 months of inventory, whereas Sonoma, Marin, and Solano favor sellers.

The outlook remains strong, with continued monitoring of inventory trends to determine whether 2025 will bring further appreciation.

The February 2025 MarketTracker East Bay Newsletter provides an in-depth analysis of national and local real estate trends. Mortgage rates have returned to pre-rate cut levels, despite expectations of a decline. Year-over-year, home affordability has slightly improved, with median monthly payments down 1.84%. Inventory is increasing at a faster pace than home sales, which may lead to improved affordability in the coming months.

In the East Bay, median home prices remain strong, with single-family homes in Alameda and Contra Costa counties increasing by 2.27% and 1.95%, respectively. Condo pricing shows mixed results, with Contra Costa rising by 0.95%, while Alameda dropped by 15.38%. Inventory levels are climbing, signaling potential opportunities for buyers. However, single-family homes remain a seller’s market, with limited supply keeping competition high.

The newsletter also highlights market dynamics, including days on market disparities, mortgage-backed securities trends, and local real estate opportunities. For personalized guidance, readers are encouraged to connect with Charlie Brown at Kinoko Real Estate.

Silicon Valley Real Estate Market Update – February 2025

The Silicon Valley housing market remains dynamic as mortgage rates return to pre-rate cut levels, while home prices continue to rise. Inventory is finally building, with condo listings increasing by 36.62% year-over-year. Meanwhile, single-family homes are selling fast, with days on market declining significantly in Santa Clara and San Mateo counties.

Key takeaways from February’s MarketTracker:

Mortgage rates have stabilized at pre-cut levels, impacting affordability.

Inventory growth is outpacing home sales, offering new buying opportunities.

Median home prices continue to rise, up 6.03% nationally compared to last year.

Silicon Valley market trends show strong appreciation, with Santa Clara and Santa Cruz home values up 5.88% and 3.36%, respectively.

Sellers still hold power, with Silicon Valley’s low Months of Supply Inventory (MSI) signaling a competitive market.

Looking to buy or sell in San Francisco or Silicon Valley? Let’s discuss your options. Contact Charlie Brown today for expert real estate advice.