Homes in San Francisco sell almost twice as fast as other homes in the U.S., according to data from Zillow, an online real estate marketplace.
A typical home in the U.S. stays on the market for about 78 days, whereas a San Francisco home stays for just 43, the most recent data from Zillow shows.
With a median home value of $812,300, San Francisco is also listed on Zillow as the second most expensive city as of June. This number has increased by 8.5 percent in the last year. First on the list is San Jose, with the median home price at $957,900.
As home values around the nation continue to increase, San Francisco is expected to follow. Zillow’s forecast predicts that as the national home value will increase by 2.9 percent, San Francisco’s will go up by 1.4 percent.
Housing data clearly points to one fact; the Bay Area is among the highest in housing costs, and those numbers are only expected to go up from here.