Real Estate Market Update for July 2026
What’s New in San Francisco Real Estate
Analytics and charts from Compass
The market in San Francisco remained strong in June 2026, driven by high demand, AI-driven wealth, and limited inventory. Single family houses in San Francisco are seeing robust price appreciation, and the median single family home price reached a new high of $2,128,000 in June 2026, representing an increase of 24.8% from June 2025. With an absorption rate of approximately 92%, there are nearly as many homes pending as were actively available on the market. Days on market averages have decreased for both homes and condos, with condos seeing a 38% reduction in time on market from this time last year. Beyond the national headlines about homes selling for millions over asking is the reality for most sellers and buyers in the market. On the ground, we continue to see property presented and prepared homes performing well in the market.
Bay Area Home Price Changes Over Time
Active Listings and Pending Sales
June 2026 saw a 92% absorption rate for single family homes and condos, or one month of inventory.
Median Price Year Over Year Change
In June 2026, single family home median sales prices increased 25% from June 2025; condo median sales prices increased 6% year over year.
Average Days on Market
In June 2026, days on market for single family homes averaged 21, while condos averaged 37.
SINGLE FAMILY HOMES
Median Sales Price
The median sales price for single family homes in June 2026 increased nearly 25% from June 2025.
Closed Sales
Price per Square Foot and Median Price per Square Foot
Sale to List Price Ratio
The sale to list price ratio in June 2026 for single family homes was 125.2%.
Sales by Select Neighborhoods
CONDOS
Closed Sales
Price per Square Foot and Median Square Feet
In June 2026, the median condo price per square foot was $1,127.
Median Sale Price
In June 2026, the median condo price was $1,225,000.
Closed Sales
Sales by Select Neighborhoods
Mortgage Rates
As reported by Freddie Mac, the 30-year fixed-rate mortgage averaged 6.49% as of July 9, 2026, up from last week when it averaged 6.43%. A year ago at this time, the 30-year FRM averaged 6.72%.
More mortgages now carry a 6+ percentage rate than a 3% rate.
Bay Area Economic Indicators
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.
