The City View: November Update
Wow, I can't believe it is already Thanksgiving! This year has gone so fast. There is a lot to be thankful for this year, especially our clients. We are so lucky to be a part of your real estate transactions. This has been a great year where we saw the desire to be in San Francisco return, spurred by a new mayor, an AI boom and a strong stock market. Inventory has been historically low and prices have rebounded from the lows of the Pandemic. Available inventory, especially single family homes, have been quickly absorbed and good homes stay less than a week on the market. Our market usually slows down this time of year but that has not been the case with agents bringing homes on the market in December. With demands the way it is, it would be hard to think that next year is going to cool off at all. Wishing you and your family a very happy Thanksgiving!
The single-family home market is on fire in San Francisco right now, as the median sale price for a single-family home is reaching the highest level it’s reached in the past two years! This surge in price represents 7.29% year-over-year increase. However, on the flip side, the condo market is not quite as hot, with condos continuing to trade within the band that they typically sell for. With that being said, it’s unlikely for buyers to purchase a home under the asking price, as the average single-family home is selling for 114.2% of the original asking price, and the average condo is selling for 101.9% of the original asking price.
This year, it very briefly seemed like San Francisco would be able to exit the inventory glut that’s plagued the area for the past couple of years. However, that wasn’t the case. Today, we’re looking at inventory levels that are 35.54% lower than they were last year in the single-family home market, and 40.68% lower in the condo market. Unfortunately, it looks like the struggle for inventory will continue into the winter months. It’ll be important to pay attention to this metric over time, as it’s probably the most influential factor driving pricing in the area.
https://maps.app.goo.gl/Nvn56EnXAXpPzxjm7
Created On 11-25-25
Stay up to date on the latest real estate trends.
You’ve got questions and we can’t wait to answer them.
