The number of new listings typically climbs through spring, declines in mid-summer, soars in September, and plunges in December. The number of new listings in January 2026 rebounded from the usual December low but was down 19% year over year, exacerbating the egregious shortage of inventory.
New Listings Coming on Market San Francisco Market Dynamics & Seasonality*
Sept. 2021
Spring 2022
1,000
Sept. 2023
Spring 2021
Sept. 2022
Sept. 2024
Sept. 2025
800
April 2024
April 2025
May 2023
600
Mid- summer
Mid- summer
400
Mid- summer
Mid- summer
200
Mid- summer
Updated through January 2026
0
*August figure estimated using data available in early September. Per Realtor.com Research: https://www.realtor.com/research/data/, listings posted on site. Data from sources deemed reliable but may contain errors and subject to revision. May not include “coming-soon” listings. All numbers approximate.
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