San Francisco Homes Sold for Nearly 90% Over Asking Price in March, Making It the Most Expensive US Metro Area
The average San Francisco home sold for nearly 90% over the asking price in March, according to Redfin. This price surge has pushed the city to the top of the U.S. housing market as the most expensive metro area. The mismatch between demand and supply is driven in part by artificial intelligence companies expanding and requiring in-person work. Housing inventory, however, is not keeping pace with this demand. A real estate agent with the Binnings Team at Christie’s San Francisco called San Francisco 'one of the best markets in the world.'
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