San Francisco Housing Update April 2026
Ascend RE April 20, 2026
Ascend RE April 20, 2026
The San Francisco housing market is off to an explosive start this spring, defined by surging prices, limited inventory, and intense competition.
Median home prices have climbed sharply year-over-year, with single-family homes up over 18% and condos jumping more than 27%. This rapid appreciation is being fueled by strong buyer demand, pushing homes to sell well above asking—nearly 23% over for houses and 7% over for condos.
At the same time, inventory remains critically low, down more than one-third compared to last year. Even with a seasonal increase in new listings, the pace of sales continues to outstrip supply, leaving buyers with very limited options.
Homes are moving exceptionally fast, with single-family properties selling in around 12 days and condos in just 14 days. Multiple-offer scenarios have become the norm, requiring buyers to act quickly and decisively.
With just 1.0 months of inventory for single-family homes and 2.3 months for condos—well below the 3-month benchmark for a balanced market—San Francisco remains firmly in seller’s market territory. Sellers hold strong negotiating power, while buyers should be prepared for continued competition as the spring season unfolds.
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Provided Courtesy of Ascend Real Estate
Provided Courtesy of Ascend Real Estate
Provided courtesy of Ascend Real Estate
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