Statistical Tables | | Subtle Difference, But Helpful
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Feb 26 | Jan 26 | Feb 25 | |
| Home Sales: | 129 | 66 | 133 |
| Median Price: | $1,495,000 | $1,349,000 | $1,600,000 |
| Average Price: | $2,026,669 | $1,858,466 | $1,810,449 |
| SP/LP: | 99.5% | 97.2% | 111.5% |
| Days on Market: | 21 | 31 | 24 |
| (Lofts/Townhomes/TIC) | |||
| Feb 26 | Jan 26 | Feb 25 | |
| Condo Sales: | 172 | 115 | 171 |
| Median Price: | $1,091,500 | $948,888 | $1,100,000 |
| Average Price: | $1,334,202 | $1,223,407 | $1,337,895 |
| SP/LP: | 99.2% | 97.6% | 101.5% |
| Days on Market: | 40 | 91 | 52 |
The median sales price for single-family, re-sale homes was down 6.6%
year-over-year.
The average sales price for single-family, re-sale homes was up 9.1%
month-over-month. Year-over-year, it was up 11.9%.
Sales of single-family, re-sale homes fell 3% year-over-year. There were 129
homes sold in San Francisco last month. The average since 2000 is 214.
The median sales price for
condos/lofts
was down 0.8% year-over-year.
The average sales price was down 0.3% year-over-year.
Sales of
condos/lofts
rose 0.6% year-over-year. There were 172
condos/lofts
sold last month. The average since 2000 is 230.
The sales price to list price ratio, or what buyers are paying over what sellers
are asking, rose from 97.2% to 99.5% for homes. The ratio for condos/townhomes
rose from 97.6% to 99.2%.
Average days on market, or the time from when a property is listed to when it
goes into contract, was 21 for homes and 40 for condos/lofts.
Sales momentum…
for homes fell from +1.5 to +1. Sales momentum for condos/lofts was down 0.2 of
a point to +14.3.
Pricing momentum…
for single-family homes fell 0.8 of a point to -3.9.
Pricing momentum for condos/lofts was down 0.3 of a point to –3.4.
Our momentum statistics are based on 12-month moving averages to eliminate
monthly and seasonal variations.
If you are planning on selling your property, call me for a free comparative
market analysis.
momentum by using a 12-month moving average to eliminate seasonality. By comparing this year's 12-month moving average to last year's, we get a percentage showing market momentum.
the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the average price.
As you can see, pricing momentum has an inverse relationship to sales momentum.
The graph below shows the median and average prices plus unit sales for homes.
Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me.
P.S. The FHA requires all condo projects to be re-certified before they will make a loan. To find out if the condo project you're interested in is eligible, go here: https://entp.hud.gov/idapp/html/condlook.cfm.
The graph below shows the median and average prices plus unit sales for condos/lofts.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for San Francisco are below. Monthly graphs are available for each area in the city.
| February Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Yearly Change | Monthly Change | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $1,495,000 | $2,026,669 | 129 | 21 | 99.5% | -6.6% | 11.9% | -3.0% | 10.8% | 9.1% | 95.5% |
| D1: Northwest | $2,610,000 | $2,956,222 | 9 | 57 | 118.9% | 43.0% | -41.0% | 80.0% | -37.0% | -28.6% | 350.0% |
| D2: Central West | $1,860,000 | $1,926,059 | 29 | 15 | 126.7% | 8.9% | 8.3% | 61.1% | 15.9% | 5.5% | 38.1% |
| D3: Southwest | $1,500,206 | $1,547,356 | 9 | 23 | 114.9% | 30.5% | 38.3% | 28.6% | 5.5% | -0.4% | -10.0% |
| D4: Twin Peaks | $2,354,500 | $2,325,056 | 18 | 18 | 117.1% | 23.9% | 9.7% | -10.0% | 37.3% | 23.6% | 350.0% |
| D5: Central | $3,187,500 | $3,262,929 | 14 | 7 | 120.9% | 60.7% | 50.7% | -12.5% | -24.6% | -21.0% | 100.0% |
| D6: Central North | $3,435,000 | $3,435,000 | 1 | 10 | 101.1% | 18.4% | 17.3% | -66.7% | -39.2% | -39.2% | 0.0% |
| D7: North | $6,200,000 | $6,610,210 | 9 | 10 | 104.5% | 16.2% | 23.8% | 350.0% | 0.0% | 6.6% | 800.0% |
| D8: Northeast | $0 | $0 | 0 | 0 | 0.0% | n/a | n/a | n/a | n/a | n/a | n/a |
| D9: Central East | $1,830,000 | $1,989,000 | 10 | 27 | 114.2% | 6.7% | 7.7% | -44.4% | 17.3% | 21.2% | 11.1% |
| D10: Southeast | $1,125,000 | $1,199,550 | 30 | 34 | 113.9% | 12.5% | 17.6% | 0.0% | -0.5% | -2.0% | 172.7% |
| February Sales Statistics | |||||||||||
| (Condos/TICs/Co-ops/Lofts) | |||||||||||
| Prices | Unit | Yearly Change | Monthly Change | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $1,091,500 | $1,334,202 | 172 | 40 | 99.2% | -0.8% | -0.3% | 0.6% | 15.0% | 9.1% | 49.6% |
| D1: Northwest | $1,435,000 | $2,047,000 | 5 | 21 | 118.0% | -15.3% | 28.5% | 66.7% | -7.4% | 32.1% | 150.0% |
| D2: Central West | $0 | $0 | 0 | 0 | 0.0% | n/a | n/a | n/a | n/a | n/a | n/a |
| D3: Southwest | $1,280,000 | $1,280,000 | 2 | 14 | 114.9% | 109.0% | 109.0% | 0.0% | -2.8% | -2.8% | 0.0% |
| D4: Twin Peaks | $1,637,500 | $1,637,500 | 2 | 10 | 104.0% | 73.7% | 73.7% | 0.0% | 158.3% | 134.9% | -50.0% |
| D5: Central | $1,260,000 | $1,555,800 | 25 | 28 | 115.1% | -10.0% | -8.6% | 47.1% | 27.4% | 36.2% | 257.1% |
| D6: Central North | $1,358,500 | $1,460,818 | 22 | 15 | 112.5% | 25.1% | 40.1% | 37.5% | 51.2% | 41.2% | 37.5% |
| D7: North | $1,480,000 | $1,602,205 | 22 | 34 | 108.6% | -16.9% | -26.2% | 0.0% | 16.2% | -3.1% | 120.0% |
| D8: Northeast | $1,057,500 | $1,520,306 | 38 | 55 | 99.8% | 4.7% | 30.1% | 15.2% | 5.0% | -8.0% | 46.2% |
| D9: Central East | $942,500 | $1,159,103 | 50 | 52 | 99.2% | 5.9% | -1.5% | -23.1% | 12.5% | 13.9% | 25.0% |
| D10: Southeast | $737,000 | $733,167 | 6 | 46 | 101.3% | -4.3% | 3.4% | 20.0% | 14.3% | 11.9% | 50.0% |
February 27, 2026 --
About six bucks per month. That's the difference in the principal and interest
payment on a $300,000 mortgage with a 30-year term when the interest rate moves
from 6.01% to 5.98%. Any homebuyer or homeowner will tell you that that's not
very much, but 30-year fixed mortgage rates starting with a "five handle" is
something not seen since September 2022, so it's a bit of an event.
On a time-reference measure, Freddie Mac's average offered rate was already at
its lowest point since September 15, 2022 when the week began -- and this week's
slight decline of three basis points simply added one additional week, so
September 8, 2022. This September 2022 reference will be a hard-stop place for
some time -- it'll take an additional decline of 10 basis points to move the
needle an additional week, and another 23 after that just to gain another.
Still, such a change in numeral and comparative time references are said to be
"psychologically important", even if their financial effect is limited. It's
worth considering how dismaying it seemed back in the week of September 15, 2022
when this mortgage rate climbed over the 6% mark for the first time in nearly 14
years; now, we're welcoming it back. While it's the same number, it's certainly
more comforting to hear that "rates are at more than three-year lows" than
"rates now at nearly 14-year highs."
In reality, 30-year fixed mortgage rates have been nearly stable for several
months, first improving to about one-year lows last fall, then generally
creeping lower since. That mortgage rates are headline-worthy -- and in a good
way -- at the beginning of the spring homebuying season lends some hope that at
least a modest upturn in sales this spring will come. As we've noted, home
affordability is improving,
and marginally lower rates should help improve home sales somewhat.
With headlines of "mortgage rates in the fives", we'd expect to see some pickup
in applications for refinancing (at least) next week. Presently, the Mortgage
Bankers Association reported that overall requests for mortgage credit rose by
0.4% in the week ending February 20. Applications were pushed higher by a 4.1%
increase in applications for funds to replace existing mortgages, but pulled
back down by a 4.7% decline in those for mortgages to purchase homes. The
calendar turns March next week, hopefully bringing with it some snow melting and
perhaps a little thawing to what has been a fairly frozen housing market.
Of course, most consumers know that there's little practical difference between
rates a few weeks ago and those available this week. Still, the possibility of
getting the best mortgage deal available in more than three years should prove
compelling for some, and the overall conditions which support home buying are
arguably better aligned at present than they have been for a good while.
Employment conditions remain fair; incomes have generally been rising, mortgage
rates have eased, home price increases have flattened, inventories of homes
available to buy have improved. It's by no means a perfect set of conditions,
just improved relative to where they have been. As the sun continues to move
higher in the sky and the warmth of spring slowly returns, it's not a bad time
for a little optimism for a change.
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