06/26/2026
San Francisco just hit an all-time high median home price. Summer didn't slow this market down... it sped it up. π
San Francisco's median single-family home price reached $2,200,000 in May, a new all-time high, up 17% year-over-year. Homes sold in an average of just 18 days, the fastest pace in five years, with a sold-to-list ratio of 124.4%. Meanwhile, mortgage rates sat at 6.48% as of early June, down from 6.85% a year ago, but still the affordability ceiling for many buyers.
If you've been waiting for summer to bring relief... more listings, less competition, a calmer pace... the data tells a different story. That can feel disorienting if you were counting on the 'usual' seasonal slowdown.
I know the instinct to wait for things to cool off is completely reasonable. Most years, that instinct pays off. This year, in San Francisco specifically, it hasn't, and that's worth knowing before you build your summer plan around it.
San Francisco is behaving differently because the demand side is different. Tech and AI-sector wealth, an equity market at all-time highs, and renewed in-migration to the Bay are bringing high-income buyers back, especially into scarce single-family and luxury segments. This isn't broad-based mania. It's concentrated, well-capitalized demand meeting genuinely limited supply.
San Francisco entered summer with just 215 active single-family listings... compared to 393 a year ago, and 502 at the prior 2022 peak. Fewer homes, more qualified buyers. If you're selling, your home is competing for attention in a thin field. If you're buying, the well-located, well-priced listings are still moving in under three weeks.
Nearly 20 years tracking this exact market. I'll tell you what the data means for your specific situation, not just what the headlines say.
π¬ Comment 'JUNE' below and I'll DM you the current inventory count and pricing trend for your specific SF or Bay Area neighborhood.