05/15/2026
San Francisco Market Update | Spring 2026
The spring market has been anything but sleepy.
Single-family homes continue to show strong demand, with the median house price around $2.2M, up about 18% year over year. Well-located, well-prepared homes are moving quickly, and the luxury market is showing real strength, with some segments pushing past prior peak levels.
The condo market is also showing renewed energy, with the median condo price around $1.4M, up about 27% year over year. But the recovery is not even. Walkable, sunnier, lifestyle-driven neighborhoods are seeing stronger demand, while some foggier or less walkable pockets have not fully recovered.
Rates are still a factor, especially for payment-sensitive buyers. At the higher end, however, we are seeing more all-cash offers and buyers who are less dependent on financing.
AI is also part of the story. San Francisco’s AI sector continues to bring hiring, investment, and confidence back into the city, and many are watching for the next wave of AI liquidity from private stock sales, secondary markets, and future IPOs.
At the same time, Mayor Daniel Lurie’s focus on downtown recovery, public safety, cleaner streets, and housing growth is adding to a broader sense of momentum.
The takeaway? San Francisco is stronger, but not simple. Some homes are creating major competition. Others are sitting. The difference is rarely luck.
As always, market data tells part of the story. Understanding how these trends apply to your specific neighborhood, property type, or goals is where thoughtful guidance matters most.
Feel free to connect with us directly.
