Brendon Kearney - 2025 Year-in-Review

SINGLE-FAMILY HOME MARKET Supply didn’t just tighten. It disappeared.

Single-family homes remain the most supply- constrained asset class in San Francisco — and the data reflects it. In 2025: • Median prices rose 5.6% • Inventory averaged just 1.2 months • Homes sold in 24 days • Sellers captured 107.8% of asking price

Fewer homes sold — yet prices rose sharply.

That’s not speculation. That’s pressure. San Francisco is not building more single- family neighborhoods. Demand, however, continues to compound — driven by family formation, lifestyle preference, and long-term tax advantages under Prop 13.

This is scarcity behaving exactly as economics predicts.

2025

TOTAL SALES UNITS

VS 2024

YOY CHANGE

2,290

2,067

↑10.8%

MEDIAN $ (M) $1,700

$1,610

↑5.6%

AVG $ / SF $1,057

$1,023

↑3.3%

DAYS ON MARKET 24

27

↓11.1%

LIST PRICE / SALE PRICE 107.8% MONTH SUPPLY (MSI) 1.20

107.0

↑.77%

1.47

↓19.8%

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