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heating things up this year, the market experienced a considerable softening in the fall, with price reductions and withdrawn listings all too common.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.