The City View: January Update
The year has started off red hot with the market on fire. Listings are flying off the market, and we are seeing new peaks in sales prices at all price points. Demand has far outpaced supply and the table has been set for a very competitive year ahead. There are 37% fewer homes on the market compared to the same week last year. When you take limited supply and high levels of demand, good listings are sitting on the market for less than a week. Buyers need to be actively out looking, or they might miss the limited inventory that exists before it's in contract. Potential sellers are locked in at low interest rates, preventing them from selling. Hopefully higher sales prices will bring those sellers who have been hesitant, to the marketplace. San Francisco has returned to its glory and nowhere is that more evident than in our real estate market.
San Francisco Ends 2025 on a High Note
with Strong Price Appreciation
The San Francisco housing market closed out 2025 with impressive year-over-year gains in median sale prices. Single-family homes saw an 8.63% increase, with the median home selling for $1,662,000. Condos also performed well, with the median sale price increasing by 5.21% to $1,075,000. Single-family homes continue to command significant premiums, with the average home selling for nearly 13% over the original asking price. Meanwhile, condos are selling right around their asking prices at 98% of list price.
Listings are Flying off the Market at a Breakneck Pace
With inventory at historic lows, listings are spending very little time on the market before being snapped up by eager buyers. The average single-family home is selling in just 15 days, representing a 16.67% decrease compared to last year. Condos are also moving more quickly, with the average condo selling in 50 days, a 13.79% year-over-year decline. This rapid pace leaves buyers with very little time to evaluate properties and make informed decisions, creating an intensely competitive environment for anyone looking to purchase a home in San Francisco.
DAVID COHEN
City Real Estate
415.309.3283
[email protected]
DRE #01447526
Stay up to date on the latest real estate trends.
You’ve got questions and we can’t wait to answer them.
