San Francisco Real Estate December 2025 Report

San Francisco Homes Market Active & Coming-Soon Listings on 1 st of Month*

The number of listings for sale on 12/1/25 fell substantially from the previous month and plunged 35% year over year. 25% of listings were houses, 60% condos, 9% TICs, 5% co- ops, and 1% townhouses. Listing inventory typically continues to plummet within December.*

1,400

1,200

1,000

800

600

400

The # of active listings on a given day is affected by 1) the # of new listings coming on market, 2) how quickly buyers put them into contract, 3) the sustained heat of the market over time, and 4) sellers pulling their homes off the market without selling.

200

Updated December 1, 2025

0

* Houses, condos, co-ops, TICs, townhouses: Active/Coming-Soon listings posted to NorCal MLS Alliance. Does not include new-project condos not listed on MLS. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate. The # of active listings changes constantly.

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