These three charts take a look at the spring selling season from three perspectives: the number of San Francisco home listings that accept offers by quarter over the past 3 years; the Case-Shiller Home Price Index for the 5-county SF Metro Area illustrating appreciation for upper price tier homes by month over the past 2 years; and median house sales price movements in the city of San Francisco by quarter for the last 3 years. As can be seen, spring is typically the most active season of the year for market activity -- as measured by buyer demand -- and for the past two years at least, since the market recovery began in earnest in 2012, has been a period of significant price appreciation.
There are a number of factors at work, we don’t want to oversimplify how seasonality plays out in the market, and the recent past may not accurately predict the near future, but still the indicators are interesting and worth consideration.
Number of San Francisco Home Listings
Accepting Offers by Quarter
The Case-Shiller Index for San Francisco Metro Area
San Francisco Median House Price Changes by Quarter
Home prices often spike dramatically in spring, though a number
of market factors
may be at play.
Please call or email if you have any questions or comments regarding these analyses.
Statistics are generalities that sometimes fluctuate without great meaningfulness and may be affected by a variety of seasonal, inventory and economic factors. How they apply to any particular property is unknown without a specific comparative market analysis. All data from sources deemed reliable, but may contain errors and is subject to revision.
© 2014 Paragon Real Estate Group