The Fed kept its benchmark rate unchanged; interest rates ticked down below 7%; stock markets remain high (though sometimes volatile); consumer confidence turned a bit unsure about the future.

In 2024, San Francisco median house and condo sales prices increased year over year, though still running below the 2021-2022 pandemic-boom highs. The numbers of new listings and sales rose from 2023, but volumes remained well below long-term norms...

Year over year, median house and condo sales prices were up in October 2024, 2% and 5.5% respectively. Fueled by the large jump in new listings in September, sales activity - as measured by the number of listings...

On September 18th, the Federal Reserve Bank dropped its benchmark rate for the first time since 2020 - a very positive development for housing markets...

Welcome to the Market Update for July 2024.

This market update includes metrics on single family homes for the month of July 2024 in Marin County, CA.