December 2024 Marin County & San Francisco Real Estate Market Reports

In late November, Bay Area markets began transitioning into the mid-winter holiday slowdown, which typically results in December's lowest counts for new listings and homes going into contract. While activity slows, homes are still listed, and deals are made, often with buyers negotiating more aggressively on properties with longer days-on-market.

Q4 statistics provide limited insight into 2025 trends, but demand has historically rebounded early in the new year, gaining momentum into spring. Many agents are noting increased interest from sellers planning to list next year, though much depends on unpredictable political and macroeconomic factors.

November's sales statistics largely reflect October contracts. A comprehensive review of 2024 trends will be included in January's report.

As of early December, 30-year conforming mortgage rates remain higher than October levels but are edging down. Stock markets continue to reach new highs, inflation ticked up slightly, the Fed cut rates again in November, the latest jobs report showed improvement, and consumer confidence is at a seven-month high. These factors may impact market segments differently depending on whether buyers are more influenced by interest rates or stock performance.