SF Market Report January 2026

San Francisco Year-over-Year Appreciation Rates since 1990 Y-o-Y Percentage Change in Annual Median CONDO Sales Price*

New condos have been built in their tens of thousands over the period illustrated, constantly changing the mix of units sold, so year-over-year comparisons are not necessarily apples to apples.

2000

40%

35%

30%

Percentages rounded to nearest full percentage point.

19%

Recovery & high-tech boom

18%

20%

17%16%

15% 14%15% 15%

8%

10%

2007

Pandemic

Foreclosure crisis

5%

5%

5% 5%

5%

3%

2%

2%

1% 1%

1%

0…

0%

0%

0%

-1%

-2%

-1%

-5%

Subprime bubble

Dotcom boom

-7%

-10%

-9%

Dotcom bubble pops ▲

Interest rates jump ▲

-13%

-20%

*Sales reported to NorCal MLS Alliance, per SFARMLS statistics or Infosparks. All numbers approximate, may contain errors and subject to revision. Does not include new-project condo sales unreported to MLS. Past performance is not a guarantee of future results. How this chart applies to any particular property is unknown without a specific comparative market analysis.

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