Real Estate Market Update for October 2026
What’s New in San Francisco Real Estate
Analytics and charts from Compass
The San Francisco market strengthened dramatically in September, with buyers competing for less inventory. Active listings were 18% lower for houses and 33% lower for condos than a year ago, while overbidding surged and both median sales prices rose more than 15%. San Francisco remains the most competitive market in the region for both condos and single-family homes. I am seeing robust competition for desirable and well-prepared properties, and transactions are moving quickly. The end of year holiday season is approaching, and activity in the market tends to slow down considerably.
Active Listings and Pending Sales
Active single family home listings fell 18% year over year, while new listings fell 8%. Condo active listings fell 33% compared to last year.
Price Reductions
Price reductions fell 42% year over year, with the reduction rate at 5%. Condo price cuts nearly doubled to 58, but from a low base.
SINGLE FAMILY HOMES
Closed Sales
191 single-family homes closed in September, up 4% year over year and up 23% from August. Month’s supply of inventory for homes is at one month, reflecting high demand for single family homes.
Median Sales Price
The single-family median sales price rose 17% year over year to $2,050,000.
Price per Square Foot
Sale to List Price Ratio
92% of single-family home sales closed above list, up 17 points year over year.
Average Days on Market
Days on market in September fell to 16 days from 23 days last year.
Sales by Select Neighborhoods
CONDOS
Closed Sales
Condo closings fell 2% year over year to 230. Condo overbidding was 66%, up 27 points while days on market fell 28% to 32, and supply sat at two months.
Median Sale Price
The condo median sales price rose 23% year over year to $1,355,500.
Median Price per Square Foot
Sales by Select Neighborhoods
Mortgage Rates
As of October 19, 2026, Freddie Mac’s 30-year fixed rate mortgage is holding steady at 7.4%. A year ago at this time, the 30-year FRM averaged 6.27%.
The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information.
