San Francisco Housing Market Update - Nov 2025 - Ascend Real Estate
Ascend RE November 18, 2025
Ascend RE November 18, 2025
The Local Lowdown
Quick Take:
Median single-family home prices marked a new two-year high in October.
Inventory continues to be a huge issue in both the single-family home and condo markets.
Listings aren’t spending very much time on the market, with the average single-family home being sold in just 14 days.
Single-family homes are setting records?
San Francisco’s single-family home market is surging, with median prices hitting a two-year high.
This represents a 7.29% year-over-year increase.
Condo prices remain steady, continuing to trade within their usual range.
Homes are selling well over asking:
Single-family homes average 114.2% of the original list price.
Condos average 101.9% of the original list price.
The struggle for inventory continues
Here it is in clean bullet points:
Earlier this year, it briefly looked like San Francisco might escape its multi-year inventory glut, but that didn’t hold.
Inventory has dropped sharply year-over-year:
Single-family homes: 35.54% lower
Condos: 40.68% lower
The inventory shortage is expected to continue into the winter.
This is a critical metric to watch, as inventory remains one of the biggest drivers of home prices in the area.
Listings are being bought up incredibly quickly
San Francisco inventory is moving fast:
Average single-family home sells in 14 days.
Average condo sells in 26 days.
These speeds reflect year-over-year decreases in days on market:
Single-family homes: 7.69% faster
Condos: 13.04% faster
As inventory continues to shrink, time on market will likely drop even further, pushing buyers to make quicker decisions.
San Francisco is an incredibly competitive market across the board
Months of Supply Inventory (MSI) is the key metric used to determine whether a market favors buyers or sellers.
California’s historical average is ~3 months of MSI, which represents a balanced market.
Less than 3 months MSI = sellers’ market; more than 3 months MSI = buyers’ market.
San Francisco remains a strong sellers’ market:
Single-family homes: 1.3 months of supply (↓ 38.10% YoY)
Condos: 2.6 months of supply (↓ 49.02% YoY)
Recent
Browse our blog posts to be in the know.
Provided Courtesy of Ascend Real Estate
Provided Courtesy of Ascend Real Estate
Provided courtesy of Ascend Real Estate
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