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MARKET NEWS - San Francisco’s Condo Market is Heating Up 🔥
San Francisco's condo market rebounds as prices rise 6.5% year-over-year showing clear signs of revival. With prices up 6.5% (7% including TICs & Coops) from April of last year, values are steadily climbing back toward pre-pandemic levels. A continued return to office life 💼 and growing business activity downtown are fueling renewed buyer confidence and driving demand for properties.
After a sharp post-pandemic dip and years of stagnation, luxury condo sales have picked up significantly through the winter and early spring. This momentum is expected to accelerate into the summer.
Adding to the optimism, mortgage rates have remained steady, offering buyers a rare moment of predictability. At the Federal Reserve meeting last week, officials held interest rates unchanged, signaling a cautious stance as inflation trends downward 📉. This pause in rate hikes is helping sustain buyer interest and may support continued price growth.
With supply tightening and demand on the rise, market watchers say San Francisco’s condo sector is well-positioned to close the gap with pre-COVID price peaks, once again making the city one of the nation’s most competitive real estate markets.
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Click Here for The Full Market Report - April 2025
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