Real Estate Market Update for June 2026
What’s New in San Francisco Real Estate
Analytics and charts from Compass
Ongoing demand fueled by low inventory and the city’s AI and tech sector growth saw median house prices increasing to new highs, and the condo market showing signs of demand recovery. Rents are up in San Francisco, and job creation in the Bay Area is positive. For the first time in many years, net inbound migration is increasing, putting even more pressure on housing inventory. I’m still seeing that well-priced and prepared homes are driving plenty of interest, and buyers are best served by being decisive and prepared to write strong (and usually contingent-free) offers in order to be competitive and secure a home.
San Francisco Home Price Changes
Days on Market
SINGLE FAMILY HOMES
Median Sales Price
The median sales price for single family homes in May 2026 increased 17% compared to May 2025, reaching a record high and its highest point since 2022.
Price Trends
The median sales price in May 2026 was 22% higher than the previous year.
Median Price per Square Foot
At $1,194, the May 2026 median price per square foot exceeded prior seasonal highs and was up 13.7% compared to May of 2025.
Active Inventory and Pending Sales
In May 2026, active inventory of single family homes is much lower than in recent years and down 45% compared to May 2025.
Seller Pricing and Buyer Demand
Sold to list price in May 2026 was 124.4%, indicating strong competition for single family homes.
Average Days on Market
Days on market in May 2026 averaged 18 days, one of its fastest paces in the last five years.
Sales by Select Neighborhoods
CONDOS
Median Price and Trends
In May 2026, the median condo price of $1,330,000 was up 3% and sales volume was up 14% compared to last year.
Price per Square Foot
Active Inventory
With 584 active condo listings in May 2026, the supply of available condos remains below levels before 2026.
Pending Sales and Active Inventory
Condo sales in May 2026 increased 35% while active inventory decreased 26% from 2025.
Seller Pricing and Buyer Demand
Days on Market
Sales by Select Neighborhoods
Mortgage Rates
As reported by Freddie Mac, the 30-year fixed-rate mortgage averaged 6.48% as of June 4, 2026, down from last week when it averaged 6.53%. A year ago at this same time, the 30-year fixed-rate mortgage rate averaged 6.85%.
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.
