The Local Lowdown

Quick Take:

• Median sale prices continued to climb in June.

• Inventory remains critically low, keeping competition high.

• Homes and condos are moving quickly, especially single-family homes.
  
  

Price Growth Remains Strong

San Francisco’s home values have been on a steady rise. In June, single-family median sale prices rose 4.42% year-over-year, while condo median sale prices jumped 10.52%. Single-family homes are selling at an average of 112% of their original list price, while condos sell just under list at 99.7%.

Inventory Tightens Even Further

Low supply is fueling price growth. In June, single-family home inventory dropped 7.87% year-over-year, and condo inventory fell a sharper 18.77%. Homeowners remain hesitant to list, keeping competition fierce.

Homes Are Selling Fast

Single-family homes averaged 14 days on market (down 6.67% from last year). Condos averaged 31 days, holding steady year-over-year.

Market Balance

San Francisco’s single-family market remains a strong seller’s market with only 1.5 months of supply. Condos offer buyers slightly more leverage at 3.5 months of supply, but inventory is tightening here too.

Bottom Line:

In San Francisco, limited inventory and rising prices continue to drive a competitive market—especially for single-family homes. Buyers in the condo market still have some negotiating room, but that window may be closing.