Real Estate Market Update for July 2025
What’s New in San Francisco Real Estate
Analytics and charts from Compass
While economic volatility prevailed in the second quarter of 2025, the greater Bay Area saw a year-over-year weakening during the spring selling season. However, San Francisco bucked this trend with indicators of supply and demand that either strengthened or remained essentially unchanged from Q2 2024. The median sales prices for both houses and condos hit their highest quarterly points since the peak of the pandemic boom.
Home Sales Volume
Sales in June 2025 increased slightly from May and were up from the previous year. House sales accounted for 48.5% of June 2025 sales.
New Listings
The number of new listings declined in June from the previous month, but was up 7.5% from June 2024.
Active and Coming Soon Listings
New listings for sale as of July 1, 2025 dropped from June, and declined year over year. 29.5% of listings were houses and 59.5% were condos.
Listings Accepting Offers
The number of listings going into contract in June 2025 dropped from May, but rose about 6% year over year.
Average Days on Market
Houses continue to sell much faster than condos, co-ops, and TICs.
Sales Over List Price
79% of house sales and 40% of condo sales were sold for over the list price in the second quarter of 2025. San Francisco is one of the only Bay Area counties that saw this percentage increase from the previous year.
Price Reductions on Active Listings
Price reductions in June 2025 dropped 4% year over year in San Francisco, while most other Bay Area counties saw large year over year increases in price reductions this spring.
House Price Trends
The Q2 2025 median house sales price increased from Q1, and was up about 3.5% year over year and at its highest quarterly price since 2022.
Condo Price Trends
The median condo sales price surged in Q2 2025 from Q1 and rose 10% year over year.
Mortgage Rates
As of July 3, the weekly average 30-year conforming loan interest rate declined to 6.67%.
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.
