San Francisco 2-4 Unit Apartment Building Market Q3 2025

Absorption Rate: The higher the percentage of listings accepting offers, the stronger the buyer demand as compared to the supply of properties available to purchase.

Percentage of Listings Accepting Offers San Francisco 2-4 Unit Building Market by Quarter

Quarterly absorption rates have generally been rebounding over the past 4 quarters.

45%

45%

43%

42%

40%

40%

40%

38%

37%

36%

36%

34%

35%

34% 33%

33%

32%

32%

32%

31%

31%

30%

30%

29%

29%

30%

28%

27%

26%

25%

25%

25%

25%

25%

22%

20%

17%

15%

Pandemic hits

10%

Based upon SFARMLS activity; per Broker Metrics. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate, and may change with late reported activity.

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