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San Francisco Housing Update June 2026

Ascend RE June 23, 2026

San Francisco Housing Update June 2026

Quick Take

  • Single-family home prices surged 22%+ year-over-year to a record median of $2.2 million.
  • Housing inventory declined more than 40% compared to last year.
  • Fewer than 700 homes are currently available for sale citywide.
  • Most listings are selling in two weeks or less, creating intense competition among buyers.

Single-Family Homes Breach the $2.2 Million Mark

  • Median single-family home price increased 22.56% year-over-year to $2,200,000.
  • This represents one of the strongest annual price gains in recent market history.
  • Condo median sale price rose 3.17% to $1,332,500.
  • Single-family homes sold for nearly 25% above asking price on average.
  • Condos sold for nearly 7% above asking price.
  • Buyers continue to compete aggressively for limited inventory.

Inventory Has Been Cut Nearly in Half

  • The inventory shortage continues to worsen across San Francisco.
  • Only 216 single-family homes are currently listed for sale.
  • Single-family home inventory is down 44.62% year-over-year.
  • Condo inventory has fallen 37.96% year-over-year to 469 units.
  • Total available inventory sits below 700 homes citywide.
  • Limited supply continues to favor sellers while creating challenges for buyers.

Homes Are Flying Off the Market

  • Low inventory is causing homes to sell at an exceptionally fast pace.
  • Single-family homes are averaging just 12 days on market.
  • Days on market for single-family homes decreased 7.69% from last year.
  • Condos are averaging just 16 days on market.
  • Condo market time decreased 38.46% year-over-year.
  • Last year, condos averaged 26 days on market, compared to 16 days today.
  • Buyers often have little time to evaluate options before submitting offers.

San Francisco Remains a Strong Seller's Market

  • A balanced market typically has about 3 months of inventory.
  • Markets with less than 3 months of inventory are considered seller's markets.
  • Single-family homes currently have just 1.1 months of inventory.
  • Condos currently have 2.3 months of inventory.
  • Both inventory levels are down nearly 48% year-over-year.
  • The condo market has shifted dramatically from 4.4 months of supply last year (buyer-friendly) to a seller's market today.
  • Until inventory increases meaningfully, sellers are expected to maintain the upper hand.

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