Market Intelligence Report — CA-860

San Francisco, CA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CA-08
As of the latest 2026 data
Stabilizing

Median Listing

$911K
-5.0% YoY

Pending Ratio

0.44
+3.2% YoY

Active Inventory

5,495
-13.0% YoY

Median DOM

38 Days
-15.6% YoY

Primary Intelligence Tool — Sold Score™

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The San Francisco-Oakland-Fremont market is currently stabilizing, characterized by a pending ratio of 0.44 and a year-over-year contraction in active listings of 13.0%. This indicates a market where demand absorption is approaching equilibrium relative to available supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.4%-0.4 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

4.63M+0.1% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

1,041+248.2% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the San Francisco market right now.

Active listings have contracted by 13.0% over the past year, while new listings remained flat year-over-year. The median listing price has declined by 5.0% year-over-year, and the median days on market shortened by 15.6% over the same period. The pending ratio has observed a positive change of 3.2% year-over-year, settling at 0.44.

Recovery driven by AI hiring; condos lagging single-family rebound.

Marian Sichel
Marian Sichel
Keller Williams Realty

Local pricing and inventory dynamics across San Francisco shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$911K-3.9% MoM

Active Inventory

5,495-13.0% YoY

Days on Market

38-15.6% YoY

Sold Score™

72+3.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

72
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With the pending ratio at 0.44 and a notable year-over-year reduction in active listings, the market exhibits signs of moderating supply pressures. The pace of transactions has slightly accelerated, as indicated by fewer days on market, suggesting a less intense environment for price discipline compared to periods of higher inventory.

Luxury Segment

The average listing price declined by 7.4% year-over-year, a steeper decline than the 5.0% observed in the median listing price, suggesting some weakening at higher price points. The median price per square foot also decreased by 3.8% over the past year.

Supply Dynamics

5,495 active listings represent the current floor, with new supply arriving at roughly 3,144 per month.

Pricing Pressure
13.9%

of active listings carry a price reduction, -0.9% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved -3.8% year-over-year.

Absorption
0.44

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in San Francisco, CA? Homes here are taking 7 days less to sell than last year.

San Francisco, CA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
44%
Median Days on Market
38 days
Inventory YoY
−13%

San Francisco, CA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering San Francisco, CA.

Marian Sichel

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

MSA Population
4.7M
Metro Area
San Francisco–Oakland–Berkeley
CBSA Code
41860
State
CA

ZIPs in San Francisco, CA

Sorted by active inventory · click a ZIP for its full report

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