Market Intelligence Report — CA-860

San Francisco, CA

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

Ref. No: 2026-CA-09
As of the latest 2026 data
Cooling

Median Listing

$957K
-1.8% YoY

Pending Ratio

0.42
-0.1% YoY

Active Inventory

5,840
-10.9% YoY

Median DOM

37 Days
-9.8% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling San Francisco market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across San Francisco, CA.

Free ReportNo Sign-up~60 Seconds

The San Francisco-Oakland-Fremont market is currently in a Cooling phase, characterized by a pending ratio of 0.42. This indicates demand absorption is not keeping pace with available supply, despite a year-over-year contraction in active listings of 10.9%.

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

4.6%-0.3 pp YoY

Unemployment rate · Aug 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

945+166.9% YoY

Building permits (private housing units) · Aug 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 10.9% over the past year, accompanied by an 8.1% decline in new listings, suggesting a reduction in overall market input. Despite this, the pending ratio has softened by 0.1 year-over-year to 0.42. Median listing prices have experienced a modest year-over-year decline of 1.8%, while median days on market have decreased by 9.8%, indicating a slightly faster transaction pace for completed sales.

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

$957K+5.1% MoM

Active Inventory

5,840-10.9% YoY

Days on Market

37-9.8% YoY

Sold Score™

72-0.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

72
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

In this Cooling environment, the lower pending ratio of 0.42 suggests that demand is not exerting significant pressure on the available inventory. While a decrease in median days on market could imply some transaction velocity, the overall supply-demand balance necessitates greater price discipline from sellers. Negotiating leverage is likely to favor transactions that align closely with prevailing valuation trends.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

5,840 active listings represent the current floor, with new supply arriving at roughly 3,760 per month.

Pricing Pressure
13.4%

of active listings carry a price reduction, +0.5% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved -4.3% year-over-year.

Absorption
0.42

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in San Francisco, CA? Homes here are taking 4 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
42%
Median Days on Market
37 days
Inventory YoY
−11%

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 →

The Monthly Briefing

Stay ahead of the San Francisco market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

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

Vetted Local Practitioners

Direct Consultation

Need a real San Francisco expert on the phone?

Skip the search. Our vetted local practitioners know the San Francisco, CA micro-markets, pricing strategy, and negotiation dynamics — and they answer the phone.