Prices Surge, Inventory Shrinks: San Francisco’s Market Is On Fire
The Big Story
Mortgage rates are down (~6.16%), improving affordability and lowering monthly payments by ~$168 YoY
Home prices remain flat (~$396.8K), signaling a more balanced market
Inventory is rising slightly, with new listings picking up ahead of spring
Buyer activity is still धी—sales are down as many wait for better conditions
The Local Lowdown
Median sale prices surged in February, led by a 21% jump in single-family homes.
Inventory remains extremely tight, down nearly 40% year-over-year.
Homes are selling rapidly, averaging just 12–14 days on market.
San Francisco's housing market is on fire to start 2026
San Francisco’s housing market kicked off 2026 with strong price growth. Single-family home prices jumped 21.41% year-over-year to $1.94M, while condos rose 11.87% to $1.23M. Competition is intense, with homes selling well above asking—16.5% over for houses and 4.3% over for condos.
Inventory levels remain at historic lows throughout San Francisco
Inventory remains critically low across the city. There are just 157 single-family homes and 391 condos available, both down nearly 40% from last year. With fewer than 550 total listings, limited supply continues to drive competition.
Homes are selling at a blistering pace in San Francisco
Homes are selling extremely quickly due to this supply shortage. Single-family homes average just 12 days on market, while condos sell in about 14 days—both faster than last year. Buyers need to act quickly in this fast-moving environment.
San Francisco is one of the strongest seller's markets in California
San Francisco remains a strong seller’s market. With only 0.8 months of supply for single-family homes and 2.1 months for condos—well below the 3-month benchmark—sellers continue to hold the advantage, and conditions are unlikely to shift in the near term.
