San Francisco Homebuyers Should Be Writing Offers Right Now

If you’ve been sitting on the sidelines waiting for the right moment to jump into the San Francisco real estate market, consider this your sign to take action. While headlines often highlight rising home prices or limited inventory, savvy buyers know that timing and strategy can uncover the best opportunities—especially in a dynamic market like San Francisco.

Here are four compelling reasons why now is a smart time to be writing offers:

Condo Market Leans in Buyers’ Favor

While single-family homes continue to attract competitive bidding wars, the condo market tells a different story. With approximately 3.7 months of inventory available, many San Francisco condos are entering buyer-friendly territory. This gives prospective homeowners greater leverage to negotiate price, terms or even credits at closing. Neighborhoods like SoMa, South Beach, and FiDi are offering prime urban living at prices that reflect motivated sellers rather than market mania.

Interest Rates Are Stable—For Now

Mortgage rates are currently hovering around 6.8%, and while that’s higher than the pandemic lows, it’s still a manageable level historically. More importantly, the market remains uncertain. If inflation rises or economic forecasts shift, rates could climb further. Writing an offer now allows you to lock in today’s rate and avoid future volatility that could cost you thousands over the life of a loan.

Increasing Sales Activity Points to Rising Competition

According to recent market data, San Francisco County has experienced a 23.2% year-over-year increase in home sales. This resurgence suggests that buyer confidence is back—and it’s only going to grow. As more buyers re-enter the market, we could see a return of multiple offers and reduced negotiation power. Acting now can give you a competitive edge while the playing field is still relatively level.

Emerging Neighborhoods Offer Hidden Value

Neighborhoods like the Outer Sunset are undergoing exciting transformations, such as the conversion of the Great Highway into a scenic oceanfront park. These community enhancements are poised to drive future appreciation. Buyers who get in now can benefit from the value growth as these areas become increasingly desirable and better connected to the city’s lifestyle offerings.

Final Thoughts

The San Francisco real estate market is full of nuances, but opportunity always exists for informed, proactive buyers. Whether you're targeting a stylish downtown condo or an up-and-coming neighborhood, now is the time to write strong, strategic offers. Lock in favorable terms, beat the wave of competition, and position yourself for long-term value.

Have questions or are you ready to explore what’s possible? Let’s talk.