Is San Francisco a seller's market right now?

Right now, San Francisco looks like a balanced market, favoring neither buyers nor sellers significantly. The median listing price is holding steady at $996,500, with almost no change compared to last month or last year. This suggests that prices aren't jumping up or down dramatically. There are fewer homes for sale now than there were a year ago, with active listings down by 17.4% and new listings down by 7.6%. This could create a bit more competition among buyers. Homes are selling a bit faster, too, spending 37 days on the market, which is 7.6% less time than last year. This also suggests some buyer demand. However, a small percentage of homes (13.1%) are still seeing price reductions. For sellers, this means homes are moving fairly quickly, and prices are stable. Buyers should be prepared for some competition due to fewer available homes, but also know that not all homes are selling at their initial asking price.

Right now, San Francisco looks more like a seller's market. There are fewer homes for sale, and homes are selling faster than last year. The supply of homes is lower, with 17.4% fewer active listings compared to a year ago. Even new listings are down by 7.6% over the past year, meaning fewer new homes are coming onto the market. Homes are also spending less time on the market. The median time a home sits there is 37 days, which is 7.6% faster than last year. This suggests buyers are making decisions more quickly. While prices are slightly down, with the median listing price decreasing by 0.2% month-over-month and 0.2% year-over-year, the drop is fairly small. This gentle dip indicates some adjustment, but not a steep decline. For sellers, this means you might find good interest in your home, especially if it's priced well. The lower inventory and quicker sales times could work in your favor.