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February 13, 2025

SF: February 2025 Market Stats

By Compass

A New Year Begins

The Fed kept its benchmark rate unchanged; interest rates ticked down below 7%; stock markets remain high (though sometimes volatile); consumer confidence turned a bit unsure about the future. A terrible climate-related disaster rocked the state, with human and financial costs and consequences that will take years to quantify. And for better or worse - you can make your own evaluation - national and international politics have been thoroughly destabilized by new and constantly changing developments, with yet uncertain effects on society, the economy, and housing markets.

But in local real estate, 2025 began with the usual new year rebound: The numbers of new listings and of listings going into contract have bounced back from their annual low counts in December, and both are almost certain to rise rapidly as we move further into the year. In the Bay Area, we are already on the cusp of spring, which typically sees the most heated market conditions of the year, and, not unusually, the highest median home sales prices.

"Our outlook for the U.S. economy is positive and offers a promising perspective on the housing market in the year ahead. We expect the U.S. labor market to continue to cool in 2025, which will reduce some of the pressures on inflation. And though we forecast mortgage rates to remain higher for longer, we expect the rate lock-in effect to cool off throughout the year as homeowners adjust to the new normal with respect to rates, therefore adding more inventory to the market." -Freddie Mac Research, 1/28/25

30-Year, Fixed-Rate, JUMBO Mortgage Index* Optimal Blue Mortgage Market Index since 2018San Francisco HOUSE Price Trends since 1990 Monthly Median House Sales Prices, 3-Month RollingAnnual Median House Sales Prices by Bay Area County + Sacramento, 2011 - 2024*San Francisco CONDO Price Trends since 2005 Median Condo Sales Price, 3-Month RollingSan Francisco CONDO Prices: Downtown vs. Non-Downtown 6-Month-Rolling, Median 2-Bedroom Condo Sales Prices since 2005*2024 Median 2-Bedroom Condo Sales Prices Greater Bay Area + Sacramento, by County*San Francisco Value Trends since 2005 3-Month-Rolling, Median Dollar per Square Foot Values*2024 Median House Dollar per Square Foot Values Greater Bay Area + Sacramento, by County*New Listings Coming on Market San Francisco Market Dynamics & SeasonalitySan Francisco Homes Market Active & Coming-Soon Listings on 15t of Month*Listings Accepting Offers (Going into Contract) San Francisco Market Dynamics & SeasonalityPercentage of Listings Accepting Offers San Francisco: Absorption Rate by MonthMonthly Home Sales Volume* San Francisco Market Dynamics & SeasonalitySan Francisco Luxury House Sales* Houses Selling for $5 Million+ since 2018San Francisco Luxury Condo & Co-op Sales* Units Selling for $2.5 Million+ since 2018Price Reductions on Active Listings San Francisco Market Dynamics & SeasonalityAverage Days on Market - Speed of Sale San Francisco Market Dynamics & SeasonalityOverbidding List Prices in San Francisco Percentage of Home Sales Closing over List PriceAverage Sales Price to Original List Price Percentage San Francisco Over/Under Bidding: Market Dynamics & SeasonalityAverage Annual Home Insurance Cost for $300,000 in Coverage Comparative Costs in Selected States, per Bankrate, January 2025*

Want to learn more about Bay Area market trends?

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