San Francisco Real Estate
March 2024 Report
The Market Accelerates Rapidly Moving into Spring
There is a growing sense that in 2023 San Francisco hit its post-pandemic low
– economically, socially, and certainly in media coverage – and that it has
now begun a significant recovery on all those fronts. Most importantly,
confidence is rebounding in San Francisco’s future as a financial and cultural
center, as the heart, along with Silicon Valley, of the next big technology
boom (AI), and simply as one of the great cities of the world.
Along with substantial macroeconomic improvements in interest rates
(though they ticked up a little in February), financial markets – which
recently hit all-time highs – and consumer confidence, these factors are also
triggering a recovery in its housing market. This is now beginning to show up
across a wide variety of indicators as we move into the spring selling season,
typically the most active of the year.
