Clients, friends, and colleagues:
The June market data is in, and it paints a compelling picture of what's happening in San Francisco real estate.
The median price for a single-family home reached $2,128,000 in June, an increase of nearly 25% compared to June 2025 and 15% higher than June 2022. While prices eased slightly from May, that's typical for this time of year. The bigger trend remains clear: home values continue to show strong, steady appreciation.
So what's fueling the market? Inventory continues to be the biggest factor. At the end of June, there were only 590 active single-family listings across the city, while 546 homes were already pending. That translates to a remarkable 92% absorption rate, making this one of the tightest summer markets we've seen since 2020. Single-family homes averaged just 21 days on the market, and the condo market has also picked up significantly, with average market time dropping to 37 days compared to 60 days a year ago.
Price per square foot tells a similar story. Single-family homes averaged $1,230 per square foot in June, up 22% from the same time last year and 28% higher than at the beginning of the year.
One trend I've been noticing, and hearing from colleagues throughout the city, is that demand for larger, higher-end homes continues to outpace available inventory. Exceptional properties remain in short supply, and buyers are competing whenever one comes to market.
If you've been considering selling, current market conditions continue to favor well-prepared listings. I'd be happy to talk through what these trends mean for your home and your specific goals.
Warmly,
Faye
