Brendon Kearney - 2025 Year-in-Review

MARKET TRENDS

BY THE NEIGHBORHOOD Where Did San Francisco Improve the Most?

UNITS SOLD

MEDIAN SALE PRICE (M) 2025 YOY

DAYS ON MARKET

2025

YOY

2025

YOY

317

+1.9%

$1 ,800

0.0%

26

-16.1%

DISTRICT 1

461

+6.2%

$1 ,610

+4.6%

18

-14.3%

DISTRICT 2

159

-1.2%

$1 ,275

+2.0%

25

-7.4%

DISTRICT 3

365

+9.9%

$1 ,889

+8.6%

26

-10.3%

DISTRICT 4

736

+15.9%

$1 ,710

+0.9%

29

-17.1%

DISTRICT 5

307

+23.8%

$1 ,239

+7.7%

42

-2.3%

DISTRICT 6

449

+16.0%

$2,235

+9.0%

39

-17.0%

DISTRICT 7

540

+17.4%

$1 ,030

+1.5%

58

-20.6%

DISTRICT 8

1 ,118

+25.2%

$1 ,117

-2.0%

57

-10.9%

DISTRICT 9

504

+4.4%

$1 ,020

-3.6%

38

-11.6%

DISTRICT 10

The most telling story isn’t in citywide averages — it’s in the divergence.

outperformed meaningfully — even where transaction counts declined.

Several districts saw fewer sales but dramatically higher median prices, confirming what many felt anecdotally: buyers are consolidating around quality, lifestyle, and scarcity. Neighborhoods with: • predominantly single-family housing • limited new supply • strong end-user appeal

Meanwhile, districts with heavier density or investor exposure saw longer market times and more negotiation, despite improving volume.

This was not a rising-tide year. It was a selectivity year.

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