San Francisco Real Estate December 2025 Report

Financial Markets, 2024 – 2025 YTD Percentage Increases in S&P 500 & Nasdaq since 1/2/24

10/29/25 ▼

60%

Nasdaq Index: % Change since 01/24

S&P 500 Index: % Change since 01/24

50%

Large changes in stock markets can dramatically affect household wealth, consumer confidence and housing markets, especially more affluent markets.

40%

30%

Updated through 12/5/25

▲ 2025 begins

20%

▲ Election

Tariff shock ►

10%

0%

Data per MarketWatch.com. Data from source deemed reliable but may contain errors and subject to revision. Financial market values change constantly and all numbers to be considered approximate. Financial markets can be prone to significant volatility even on a short-term basis.

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