Are home prices going up or down in San Francisco?

Home prices in San Francisco are holding pretty steady right now. The typical home is listed for just under a million dollars, and that price hasn't really changed much over the last year. Right now, the median listing price for a home in San Francisco is $998,250. This price hasn't budged at all in the past month, and it's only a tiny bit lower (0.1%) than it was this time last year. This stability comes even though there are fewer homes for sale. The number of active listings is down by 16.5% compared to last year, meaning there are fewer choices for buyers. Also, 8.1% fewer new homes have come on the market. Even with fewer homes, properties are selling a bit faster than before. Homes typically stay on the market for 32 days, which is 8.6% less time than last year. This suggests that while prices are flat, buyers are still interested in what's available. For you as a homebuyer, these numbers mean that prices aren't likely to swing a lot in either direction right now, but you might have fewer homes to choose from in San Francisco.