San Francisco Market Update - August 2026

Ascend RE August 25, 2026

August 2026 San Francisco Market Update graphic with the Golden Gate Bridge and Ascend Real Estate branding.

Prices are still up sharply from last year, inventory remains near record lows, and sellers continue to hold the advantage across both single-family homes and condos.

Quick Take

  • Single-family prices: $2,050,000 median — up 24.87% YoY, though down 4.65% from June's peak
  • Condo prices: $1,250,000 median — up 8.93% YoY and 4.17% month-over-month
  • Inventory: Just 507 homes for sale citywide (single-family down 42.11%, condos down 43.16% YoY)
  • Speed of sale: Single-family homes ~13 days on market; condos down to 20 days

Prices: Cooling From the Peak, Still Way Up YoY

  • Single-family median has topped $2M for six straight months
  • Condos are bucking the summer slowdown, posting their strongest YoY gain of the season
  • Buyers are paying well above asking:
    • Single-family: 26% over list (vs. 11% last July)
    • Condos: 4% over list (vs. a 3% discount last July)

Inventory: Historically Tight

  • 154 single-family homes for sale (down from 266 last July)
  • 353 condos for sale (down from 621 last July)
  • New listings aren't the problem — sales are absorbing supply faster:
    • Condo sales up 39.2% YoY (245 vs. 176)
    • Single-family new listings up 13.5% YoY, but sales dipped slightly (177 vs. 193)

Days on Market: Condos See the Biggest Shift

  • Single-family: 13 days (up slightly from 12, but still faster than last July's 14)
  • Condos: 20 days — down from 43 days last July, a 53.49% drop
  • Condos have historically slowed in summer (51 days last August); that seasonal lag has largely vanished this year

Bottom Line: A Seller's Market on Both Fronts

Using Months of Supply Inventory (MSI) — where ~3 months is balanced, below 3 favors sellers:

  • Single-family: 0.8 months of supply (down 42.86% YoY) — homes would sell out in ~24 days at the current pace
  • Condos: 1.7 months of supply, down from 3.6 months last July — a shift from balanced to firmly seller-favored

With both segments under two months of supply, fast sale times, and homes routinely selling above asking, sellers head into fall with the upper hand.

San Francisco housing charts comparing single-family homes and condos by median price, annual change, and percentage of original price.

San Francisco market charts compare condo and single-family inventory, listings, and months of supply.

San Francisco days-on-market chart comparing condos and single-family homes from July 2024 to July 2026.

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