San Francisco Real Estate Market Update | October 2023

Economic indicators have been challenging since the fall selling season began: Interest rates continued to rise through early October and stock markets generally continued to fall from mid- summer, YTD highs. Markets remain volatile and hard to predict, often reacting negatively to positive economic news (such as employment numbers) as they wait for new inflation numbers and try to parse the posible reaction of the Fed. Any definitive impacts on real estate of these recent developments, should they continue, won't substantially show up until Q4 data begins to become available, and, of course, volatility also means that indicators can turn around quickly.