San Francisco Housing Update - February 2026
Ascend RE February 20, 2026
Ascend RE February 20, 2026
The Local Lowdown
Single-family home prices surged by more than 16% year-over-year, marking one of the strongest January performances in recent memory.
Inventory levels remain severely constrained, with total listings down nearly 40% compared to last year.
The average single-family home is selling in just 13 days, more than half the time it took last January.
San Francisco kicks off 2026 with explosive price growth
San Francisco housing market opened 2026 with strong year-over-year price appreciation
Single-family home median sale price increased 16.23% YoY to $1,653,325
Average single-family home sold for approximately 15% over original asking price
Condo median sale price increased 2.77% YoY to $1,020,000
Condos closed at an average of 97.7% of list price
Buyer demand remains especially strong for single-family homes
Inventory remains at critically low levels across San Francisco
Inventory shortages from late 2025 have carried into the new year
Only 148 single-family homes currently for sale in San Francisco, down 37.82% year-over-year
Condo inventory down 36.94% YoY, with just 338 units available
Fewer than 500 total homes currently on the market citywide
New listings have increased from December lows, but overall supply remains extremely limited
Buyers continue to face a highly constrained selection of available properties
Single-family homes are selling at a blistering pace
Severe inventory shortages are driving an exceptionally fast-moving market
Average single-family home selling in just 13 days, a 56.67% decrease YoY (down from 30 days last January)
Condos averaging 65 days on market, an 18.75% year-over-year decline
Single-family buyers have little time to deliberate before submitting offers
Competition for well-priced, desirable properties remains intense
San Francisco remains firmly entrenched in seller's market territory
Months of Supply Inventory (MSI) is the key metric used to determine market conditions
California historically averages ~3 months of MSI, which is considered a balanced market
Below 3 months of MSI indicates a seller’s market
Above 3 months of MSI indicates a buyer’s market
San Francisco currently has 0.8 months of single-family inventory
Condo inventory sits at 1.8 months of supply
Both property types are well below the 3-month benchmark
The entire San Francisco market remains firmly in a strong seller’s market
Limited supply continues to give sellers meaningful negotiating leverage
Buyers should expect ongoing competition until inventory meaningfully increases
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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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