San Francisco Real Estate December 2025 Report

New Listings Coming on Market San Francisco Market Dynamics & Seasonality*

As is the common seasonal trend, the number of new listings continued to plummet in November – and will typically hit its nadir in December. The number of new listings typically climbs through spring, declines in mid-summer, soars in September, and plunges in December.

Sept. 2021

1,200

Spring 2022

Sept. 2022

Sept. 2023

Sept. 2024

Spring 2021

1,000

Sept. 2025

Spring 2024

Spring 2025

800

Spring 2023

600

Mid- summer

Mid- summer

400

Mid- summer

Mid- summer

Mid- summer

200

Updated through November 2025

0

*Listings posted to NorCal MLS Alliance. 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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