{"id":13363,"date":"2021-05-24T09:00:00","date_gmt":"2021-05-24T16:00:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=13363"},"modified":"2021-06-22T06:41:04","modified_gmt":"2021-06-22T13:41:04","slug":"san-francisco-bay-area-real-estate-market-update","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/","title":{"rendered":"San Francisco Bay Area Real Estate Market Update &#8211; May 2021"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n\n\n\n<iframe width=\"640\" height=\"480\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/real-estate-trends\/sanfran_sf-bay-area_update\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-update-san-francisco-bay-area\">Market Update &#8211; San Francisco Bay Area<\/h2>\n\n\n\n<p class=\"has-drop-cap\">The housing market remains strong with buyer demand, closed sales, and home prices rising. Encouragingly, the number of new listings being added to MLS each day has finally started to exceed closed sales and C.A.R is still forecasting at least 10% growth in home sales this year. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-single-family-home-highlights\">Single-Family Home Highlights<\/h3>\n\n\n\n<p><strong>Median Price was $1,340,000:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A 38.9% <span style=\"color:#cf2e2e\" class=\"tadv-color\"><strong>increase <\/strong><\/span>compared to last year. <\/li><li>Homes got sold 52.94% faster compared to last year. <\/li><\/ul>\n\n\n\n<p><strong>Sales Activity<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>104.6% increase year-over-year<\/li><li>5.2% decrease month-to-month<\/li><\/ul>\n\n\n\n<p>Monthly supply level is lover than 2020, prices might thrust upward. <\/p>\n\n\n\n<p><strong>Sale Price to List Price Ratio:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>May 2021: 109.3%<\/li><li>May 2020: 100%<\/li><\/ul>\n\n\n\n<p><strong>Price\/Sq Ft.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>May 2021: $729<\/li><li>May 2020: $543<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-condo-townhomes-highlights\">Condo &amp; Townhomes Highlights<\/h3>\n\n\n\n<p><strong>Median Price was $830,000:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A 17.7% <span style=\"color:#cf2e2e\" class=\"tadv-color\"><strong>increase <\/strong><\/span>compared to last year. ($705,000)<\/li><\/ul>\n\n\n\n<p>Homes got sold 47.37% faster compared to last month. <\/p>\n\n\n\n<p><strong>Sales Activity<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>232.6% <strong>increase <\/strong>year-over-year<\/li><li>8.5% <strong>decrese <\/strong>month-to-month<\/li><\/ul>\n\n\n\n<p>Monthly supply level is lover than 2020, prices might thrust upward. <\/p>\n\n\n\n<p><strong>Sale Price to List Price Ratio:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>May 2021: 103.5%<\/li><li>May 2020: 100.0%<\/li><\/ul>\n\n\n\n<p><strong>Price\/Sq Ft.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>May 2021: $668<\/li><li>May 2020: $577<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Market Update &#8211; San Francisco Bay Area The housing market remains strong with buyer demand, closed sales, and home prices rising. Encouragingly, the number of new listings being added to MLS each day has finally started to exceed closed sales and C.A.R is still forecasting at least 10% growth in home sales this year. Single-Family &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-13363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>San Francisco Bay Area Real Estate Market Update - May 2021 - roomvu Academy<\/title>\n<meta name=\"description\" content=\"Read the latest real estate market update for San Francisco Bay Area with all the stats and details together with a visually friendly video.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Francisco Bay Area Real Estate Market Update - May 2021\" \/>\n<meta property=\"og:description\" content=\"Read the latest real estate market update for San Francisco Bay Area with all the stats and details together with a visually friendly video.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/\" \/>\n<meta property=\"og:site_name\" content=\"roomvu Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/roomvu\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-24T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-22T13:41:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Academy Content Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Academy Content Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Francisco Bay Area Real Estate Market Update - May 2021 - roomvu Academy","description":"Read the latest real estate market update for San Francisco Bay Area with all the stats and details together with a visually friendly video.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/","og_locale":"en_US","og_type":"article","og_title":"San Francisco Bay Area Real Estate Market Update - May 2021","og_description":"Read the latest real estate market update for San Francisco Bay Area with all the stats and details together with a visually friendly video.","og_url":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/","og_site_name":"roomvu Academy","article_publisher":"https:\/\/www.facebook.com\/roomvu\/","article_published_time":"2021-05-24T16:00:00+00:00","article_modified_time":"2021-06-22T13:41:04+00:00","og_image":[{"width":1200,"height":723,"url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","type":"image\/jpeg"}],"author":"Academy Content Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Academy Content Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#article","isPartOf":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/"},"author":{"name":"Academy Content Team","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/person\/b0b351d7f7669f578c3899b0071b4024"},"headline":"San Francisco Bay Area Real Estate Market Update &#8211; May 2021","datePublished":"2021-05-24T16:00:00+00:00","dateModified":"2021-06-22T13:41:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/"},"wordCount":164,"commentCount":0,"publisher":{"@id":"https:\/\/www.roomvu.com\/academy\/#organization"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","articleSection":["Market Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/","url":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/","name":"San Francisco Bay Area Real Estate Market Update - May 2021 - roomvu Academy","isPartOf":{"@id":"https:\/\/www.roomvu.com\/academy\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#primaryimage"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","datePublished":"2021-05-24T16:00:00+00:00","dateModified":"2021-06-22T13:41:04+00:00","description":"Read the latest real estate market update for San Francisco Bay Area with all the stats and details together with a visually friendly video.","breadcrumb":{"@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#primaryimage","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","width":1200,"height":723,"caption":"San Francisco Bay Area Real Estate Market Update"},{"@type":"BreadcrumbList","@id":"https:\/\/www.roomvu.com\/academy\/san-francisco-bay-area-real-estate-market-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roomvu.com\/academy\/"},{"@type":"ListItem","position":2,"name":"San Francisco Bay Area Real Estate Market Update &#8211; May 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.roomvu.com\/academy\/#website","url":"https:\/\/www.roomvu.com\/academy\/","name":"roomvu Academy","description":"Leading The Future of Real Estate Marketing","publisher":{"@id":"https:\/\/www.roomvu.com\/academy\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roomvu.com\/academy\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.roomvu.com\/academy\/#organization","name":"roomvu","url":"https:\/\/www.roomvu.com\/academy\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/logo\/image\/","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2024\/05\/Untitled-design-5.png","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2024\/05\/Untitled-design-5.png","width":1080,"height":200,"caption":"roomvu"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/roomvu\/","https:\/\/www.instagram.com\/roomvu.co\/","https:\/\/www.linkedin.com\/company\/18255209"],"email":"info@roomvu.com"},{"@type":"Person","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/person\/b0b351d7f7669f578c3899b0071b4024","name":"Academy Content Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","caption":"Academy Content Team"},"description":"roomvu Academy content team consists of authors who bring you the best in real estate marketing.","url":"https:\/\/www.roomvu.com\/academy\/author\/rvadmin\/"}]}},"modified_by":"roomvu Academy","jetpack_featured_media_url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/05\/San-Francisco-Bay-Area-Real-Estate-Market-Update.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/comments?post=13363"}],"version-history":[{"count":7,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13363\/revisions"}],"predecessor-version":[{"id":13887,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13363\/revisions\/13887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/media\/13366"}],"wp:attachment":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/media?parent=13363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/categories?post=13363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/tags?post=13363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}