Statistical Tables | | Solid Into Any Shutdown
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Sep 25 | Aug 25 | Sep 24 | |
| Home Sales: | 168 | 146 | 142 |
| Median Price: | $1,499,500 | $1,249,500 | $1,610,000 |
| Average Price: | $1,931,047 | $1,685,682 | $1,950,888 |
| SP/LP: | 99.4% | 97.2% | 109.3% |
| Days on Market: | 25 | 33 | 26 |
| (Lofts/Townhomes/TIC) | |||
| Sep 25 | Aug 25 | Sep 24 | |
| Condo Sales: | 219 | 182 | 143 |
| Median Price: | $999,000 | $962,500 | $1,100,000 |
| Average Price: | $1,229,555 | $1,203,106 | $1,305,660 |
| SP/LP: | 98.5% | 98.1% | 102.5% |
| Days on Market: | 46 | 71 | 56 |
The median sales price for single-family, re-sale homes was down 6.9% year-over-year
The average sales price for single-family, re-sale homes was up 14.6%
month-over-month. Year-over-year, it was down 1%.
Sales of single-family, re-sale homes rose 18.3% year-over-year. There were 168
homes sold in San Francisco last month. The average since 2000 is 214.
The median sales price for
condos/lofts
was down 9.2% year-over-year.
The average sales price was down 5.8% year-over-year.
Sales of
condos/lofts
rose 53.1% year-over-year. There were 219
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 99.4% for homes. The ratio for condos/townhomes
rose from 98.1% to 98.5%.
Average days on market, or the time from when a property is listed to when it
goes into contract, was 25 for homes and 46 for condos/lofts.
Sales momentum…
for homes rose from +5.6 to +6.7. Sales momentum for condos/lofts was up 3.7
points to +14.8.
Pricing momentum…
for single-family homes fell 0.8 of a point to +0.
Pricing momentum for condos/lofts fell 1.2 points to –2.9.
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.
| September 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 | $1,499,500 | $1,931,047 | 168 | 25 | 99.4% | -6.9% | -1.0% | 18.3% | 20.0% | 14.6% | 15.1% |
| D1: Northwest | $2,200,000 | $2,726,733 | 15 | 39 | 111.7% | -14.6% | 18.2% | 36.4% | 37.5% | 43.0% | 36.4% |
| D2: Central West | $1,615,000 | $1,880,781 | 32 | 14 | 120.8% | 3.9% | 13.5% | 18.5% | -0.6% | 9.1% | 28.0% |
| D3: Southwest | $1,287,500 | $1,287,500 | 2 | 13 | 129.1% | 5.1% | 2.8% | -84.6% | -6.5% | -7.0% | -87.5% |
| D4: Twin Peaks | $1,775,500 | $1,922,925 | 20 | 18 | 112.5% | -13.4% | -6.6% | 42.9% | -7.3% | -2.1% | 5.3% |
| D5: Central | $3,050,000 | $3,429,820 | 25 | 25 | 111.6% | 33.3% | 23.5% | 0.0% | 63.8% | 66.0% | 127.3% |
| D6: Central North | $2,150,000 | $2,760,000 | 3 | 93 | 105.6% | -14.1% | 10.2% | 50.0% | -17.3% | 6.2% | 200.0% |
| D7: North | $4,277,500 | $4,334,000 | 10 | 13 | 108.9% | -2.7% | -8.9% | 66.7% | -28.7% | -23.2% | 42.9% |
| D8: Northeast | $2,977,500 | $2,796,250 | 4 | 62 | 101.3% | n/a | n/a | n/a | -77.1% | -78.5% | 300.0% |
| D9: Central East | $1,730,000 | $1,747,476 | 21 | 25 | 119.7% | -1.8% | -14.4% | 110.0% | 28.1% | 16.7% | 23.5% |
| D10: Southeast | $999,500 | $1,081,069 | 36 | 35 | 109.3% | -9.1% | -4.3% | 5.9% | -2.4% | 0.5% | -5.3% |
| September 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 | $999,000 | $1,229,555 | 219 | 46 | 98.5% | -9.2% | -5.8% | 53.1% | 3.8% | 2.2% | 20.3% |
| D1: Northwest | $1,350,000 | $1,500,058 | 14 | 14 | 108.0% | 31.7% | 34.2% | 100.0% | 14.6% | 23.0% | 250.0% |
| D2: Central West | $1,560,000 | $1,443,333 | 3 | 27 | 98.9% | 84.6% | 81.9% | -40.0% | 160.0% | 140.6% | 200.0% |
| D3: Southwest | $499,000 | $499,000 | 2 | 16 | 107.9% | -36.7% | -36.7% | 100.0% | -60.3% | -57.4% | -50.0% |
| D4: Twin Peaks | $650,000 | $689,000 | 5 | 60 | 104.7% | -5.2% | 0.4% | 150.0% | -5.5% | 0.1% | 150.0% |
| D5: Central | $1,150,000 | $1,272,200 | 35 | 34 | 106.3% | -20.7% | -11.0% | 66.7% | 17.9% | 5.4% | 75.0% |
| D6: Central North | $1,138,000 | $1,230,127 | 22 | 50 | 107.7% | -10.6% | -1.0% | 175.0% | 8.4% | 5.1% | 46.7% |
| D7: North | $1,772,500 | $1,910,303 | 24 | 35 | 103.0% | 26.7% | 16.6% | -20.0% | 30.8% | 20.8% | 41.2% |
| D8: Northeast | $906,500 | $1,101,841 | 36 | 56 | 100.1% | -17.6% | -21.5% | 56.5% | 5.7% | -2.7% | -10.0% |
| D9: Central East | $915,000 | $1,198,200 | 71 | 54 | 99.1% | -6.2% | 4.8% | 65.1% | -8.5% | 1.3% | -7.8% |
| D10: Southeast | $650,000 | $610,000 | 3 | 37 | 99.7% | -7.1% | -17.2% | 0.0% | -29.7% | -34.0% | 50.0% |
September 26, 2025 --
The National Association of Realtors reported that sales of existing homes slid
by 0.2% in August to a 4 million annual rate. Give or take a little, sales have
hovered around this level for the last six months. This is unsurprising, given
high home prices and mortgage rates that were essentially flat all summer, only
meaningfully declining in recent weeks. The supply of homes available to buy
remained at 4.6 months at the present rate of sale; based on this
inventory-to-sales ratio, you would have to go back to 2016 to see the last time
the I/S figure routinely in this neighborhood. Existing home prices edged a
little lower in August to $422,600 but were still 2% higher this August than
last. We are expecting to see somewhat greater that typical seasonal declines in
median selling prices this year, but lower mortgage rates may help support buyer
demand (and prices) deeper into the fall.
Market conditions really haven't changed or improved for some time, so
essentially level sales of existing homes in August were expected to be seen.
What then to make of the 20.5% increase in sales of newly-constructed homes last
month? Certainly, recent surveys of builder moods and reported sales conditions
gave no inkling of a surge in buyer demand, but the Census Bureau reported that
sales occurred in August at an 800,000 annualized pace, way above expectations.
The out-of-the-blue spike puts new home sales at their best level since January
2022, but we suspect that at least some of the gains will be revised away,
provided new data is actually released next month.
We know that home builders have been using price cuts and financing incentives
to move homes, and the bump in sales reduced the number of new homes for sale to
7.4 months of supply at the present rate of sale, an actual 490,000 (annualized)
units available. This number has been drifting down in recent months and new
construction of homes has slowed over that time as well. Somewhat pricier new
homes seem to have sold in August, as the median selling price bumped up to
$413,500, some $18,000 more than July's figure and up by 1.9% compared to August
2024.
After a blast higher a week ago, requests for mortgage credit leveled off, as
the Mortgage Bankers Association reported a 0.6% increase in mortgage
applications in the week ending September 19. Inquiries for funds to purchase
homes managed a 0.3% increase for the week, a third consecutive gain.
Refinancing activity shot higher a week ago but there little follow-up to that
spike as the 0.8% increase in the latest week pales in comparison to the 57.7%
leap the week prior. Still, refi activity remains relatively elevated and at the
highest levels seen for a few years. Mortgage rates near one-year lows are
compelling for at least some homeowners, especially those who hold VA and
FHA-backed mortgages, as these offer streamlined refinancing opportunities.
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