The number of listings going into contract in July 2025 continued to decline from the May peak – a typical seasonal trend – but was essentially unchanged year over year. Demand, as measured by the number of listings going into contract, typically climbs through spring, declines in summer, rebounds in early fall, and plunges in December. Sales can be constrained by the number of homes available to buy.
Listings Accepting Offers (Going into Contract) San Francisco Market Dynamics & Seasonality
March 2022
Oct. 2021
700
Interest rates soar
600
May 2025
Oct. 2024
Spring 2024
500
Spring 2023
Oct. 2022
Oct. 2023
400
Summer
300
Summer
December
Summer
200
December
December
December
Updated through July 2025
100
Residential activity reported to MLS, per Broker Metrics. Will not include new-project condo activity not reported to MLS. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate, and may change with late-reported activity.
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