S
an Francisco's housing market is experiencing a surge in listings ahead of the Federal Reserve's expected interest rate cut. According to weekly MLS figures, active listings rose 23% to 1,234 as of September 11, from 1,000 at the end of last month. New condo listings skyrocketed by 513%, while single-family home listings increased by 175%.

    Broker Nina Hatvany noted that buyers now have more options, with four listings going into contract in just one week. Vanguard Properties co-owner Frank Nolan pointed out that despite a total inventory 7% below last year's levels at this time, the gap is narrowing. He predicts new units will continue to enter the market until mid-October.

    In other Bay Area news, a $14.2 million home in Menlo Park has hit the market, while a Marin County mansion sold for $14.4 million earlier this month. Mortgage rates and prices are moving in favor of the housing market, potentially leading to increased activity and refinancings nationwide.