2025 SAN FRANCISCO MARKET STATISTICS
The market didn’t surge. It steadied.
Over the past year, San Francisco residential prices rose 1.7% , inventory averaged 2.28 months , homes sold in 39 days , and sellers received 105.1% of asking price.
This is not a market driven by urgency — but it remains decisively seller-leaning.
What changed in 2025 wasn’t demand. It was behavior.
Buyers slowed down, underwrote decisions more carefully, and stopped chasing marginal listings. Sellers who priced with precision — not nostalgia — were rewarded quickly and often above ask. Those anchored to yesterday’s market found resistance. After record pricing in 2021, the market absorbed a historic shock in 2022 as interest rates more than doubled. That reset sidelined both buyers and sellers longer than many expected — not because desire disappeared, but because certainty did. Rates eased modestly. More importantly, capital returned. AI investment, IPO liquidity, and renewed confidence in San Francisco’s economic engine injected real fuel into the market — not speculative heat, but functional demand.
The takeaway is subtle but important:
Liquidity returned before confidence fully did. And markets that re-anchor well tend to move next with purpose.
Made with FlippingBook Online newsletter maker