Is San Francisco a buyer's market right now?

The housing market in San Francisco might not feel like a typical buyer's market, even though prices are slightly down. There aren't as many homes for sale right now, and homes are selling faster than last year. The number of homes on the market is much lower. Active listings are down by 16.5% compared to last year, meaning fewer choices for you if you're looking to buy. Homes are also selling quicker. The median number of days a home stays on the market is 32 days, which is 8.6% less time than last year. This suggests that buyers are making decisions more quickly. While the median listing price is holding steady at $998,250, about 12.5% of homes have lowered their prices. This can be a sign that some sellers are adjusting their expectations. Compared to last year, prices per square foot are down by 3.5% to $664. The average listing price also dropped by 6.0% to $1,530,769. This means you might get a bit more space for your money, or find homes at a lower overall price point than before. As a buyer, you'll need to be ready to act quickly because of fewer homes available and faster sales. However, the slight dip in average prices and price per square foot could offer some financial advantages if you find the right opportunity.