Is now a good time to sell my home in San Francisco?

It's a pretty good time to sell your home in San Francisco right now. Homes are selling a bit slower than last year, but there are far fewer homes for sale, which helps sellers. The median listing price is almost a million dollars, at $998,250. This price hasn't really changed in the last month or since last year, so prices are holding steady. There are 5,911 active listings, which is 16.5% fewer than last year. This means less competition for you as a seller. Also, fewer new homes are coming on the market, down 8.1% from last year, with only 3,948 new listings. Homes are taking a little longer to sell, with the median days on market at 32 days, compared to 29 days last year. This is about 8.6% slower. However, fewer sellers are dropping their prices; the share of listings with price reductions is 12.5%, down from 15.4% last year. Even though homes are taking a bit longer to sell, the low number of other homes for sale works in your favor. This means buyers have fewer choices, making your home more attractive. As a seller, you can feel confident that even though prices are steady and homes are on the market a little longer, the lack of competition and fewer price reductions create a solid selling environment for you.