San Francisco Real Estate December 2025 Report

Percentage of Listings Accepting Offers San Francisco: Absorption Rate by Month

Fall 2025

Absorption rate measures buyer demand vs. the supply of listings for sale: The higher the percentage, the more heated and competitive the market.

30%

The SF market shifted dramatically in fall 2025.

Spring 2022

25%

Spring 2025

Spring 2023

Spring 2024

October

20%

October

October

15%

10%

5%

Updated through November 2025

0%

*SFARMLS reported data, per Broker Metrics. Not all new-condo project activity is reported to MLS. Last month’s data estimated using available data and may change with late reported activity. Data from sources deemed reliable but may contain errors and subject to revision . All numbers approximate.

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