San Francisco' s single-family housing market is continuing to break away from the post-pandemic correction and has entered a period of strong price appreciation. The median single-family home price reached new highs of $2,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 128,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 000 in June 2026,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 an increase of 24.8% from $1,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 705,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 500 in June 2025. Prices are also 15.0% above the June 2022 median of $1,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 850,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 000. June's median price came in 3.3% lower than May' s median of $2,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 200,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 000,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 in line with seasonal summer cooling trends.
There were 232 single-family home sales in June,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 up 4.0% from 223 sales in June 2025. While activity remains below the 250 sales recorded in June 2022,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 it is stronger than the transaction levels seen in 2023 and 2024,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 suggesting that demand has remained resilient despite elevated home prices.
One of the clearest explanations for this appreciation is the severe shortage of available inventory and inflow of money from the AI boom. At the end of June,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 there were just 590 active listings (single-family homes and condos combined),#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 while 546 properties were under contract. This equates to an absorption rate of approximately 92%,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 meaning nearly as many homes were pending sale as were actively available. Put another way,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 the market had just over one month of inventory,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 which is exceptionally tight supply for this time of year. This is the highest absorption rate and lowest level of inventory that we have observed during the summer market since 2020,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 underscoring the intensity of buyer competition.
Homes also continue to sell quickly. Single-family homes averaged 21 days on market in June,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 while condos averaged 37 days. Condo Days on Market improved from 41 days in May and have fallen dramatically from 60 days in June 2025,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 a 38.3% reduction in time on market. Single-family homes spent slightly longer on the market than in May (21 days versus 18 days),#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 but they continue to sell much faster than last June,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 when the average was 27 days.
Pricing strength is also evident on a price-per-square-foot basis. The median price per square foot reached $1,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 230 in June,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 up 22.3% from $1,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 006 one year ago. Prices have increased 28% since January,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 when the median price per square foot was $961. The median size of homes selling has also increased. This suggests that a greater share of larger homes is trading hands,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 supporting what many agents are reporting in the field:Demand for larger,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 high-end homes continues to outpace available supply,#section-d1c4deb6-69ef-4650-91f6-ed0ef18a59b8 contributing to what could be described as a "mansion shortage."