How is the San Francisco housing market doing?

The housing market in San Francisco is holding steady in some areas while showing some shifts in others. The median listing price has stayed about the same, but fewer homes are for sale, and they are selling a bit faster than last year. The median listing price right now is $998,250. This price hasn't really changed much from last month or even a year ago, staying almost flat. However, the average listing price has dropped by 6.0% over the last year, now at $1,530,769. There are fewer homes on the market compared to last year. Active listings are down by 16.5%, with 5,911 homes available. Also, fewer new homes are coming up for sale, with an 8.1% drop in new listings since last year. Homes are selling a little quicker, too. The median time a home spends on the market is 32 days, which is 8.6% less than a year ago. This means homes are finding buyers faster. Compared to last year, a smaller percentage of homes are seeing price drops. The share of homes with reduced prices is 12.5%, down 2.9% from last year. If you are looking to buy, you might find slightly fewer homes to choose from, but they are selling faster. If you are selling, homes are still attracting buyers, and fewer sellers are needing to cut their prices.