Feature image for SF: July 2025 Market Stats

July 15, 2025

SF: July 2025 Market Stats

By Compass

Across most of the Bay Area, the severe economic volatility which prevailed in Q2 - and the absence of a meaningful decline in mortgage interest rates - generally caused a significant year-over-year weakening in the spring selling season, usually the most dynamic of the year.

However, this did not occur in San Francisco, whose indicators of supply and demand - illustrated in this report - either strengthened or remained essentially unchanged from Q2 2024. The median sales prices for both houses and condos hit their highest quarterly points since the peak of the pandemic boom, and apartment rents were the highest since 2020. Though one has to assume the market would have been even stronger if the macroeconomic conditions had been more favorable, the SF market remained quite robust.

Furthermore, as of early July, measures of economic uncertainty were dropping, stock markets had staged an astounding recovery to hit new highs, consumer confidence had begun to rebound, and interest rates were gradually declining. Improvements in these conditions, should they continue, may support an even more heated market in the second half of the year.

As always, correct pricing, preparation, and marketing are imperatives for sellers desiring the best results. And opportunities exist for buyers who keep a close eye on both new and older listings, monitor time-on-market and price reductions on unsold homes that meet their requirements - or perhaps need a little bit of work - and are prepared to move quickly and aggressively.

Economic Policy Uncertainty Index* By Month since January 2000Mortgage Interest Rates in 2023-2025 YTD 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings*Following enormous rebounds from April's crash, both the S&P 500 and the Nasdaq hit new all-time highs in early July.San Francisco House Price Trends. Median House Sales Prices since 2012, by Quarter1st Half Median HOUSE Sales Prices San Francisco: Selected Realtor Districts since 2020*San Francisco Condo Price Appreciation.Median Condo Sales Prices, 2012 - Present, by Quarter1st Half Median 2-Bedroom CONDO Sales Prices San Francisco: Selected Realtor Districts since 2020*San Francisco CONDO Prices: Downtown vs. Non-Downtown 12-Month-Rolling, Median 2-Bedroom Condo Sales Prices since 2005*New Listings Coming on Market San Francisco Market Dynamics & Seasonality*San Francisco Homes Market Active & Coming-Soon Listings on 15t of Month*Listings Accepting Offers (Going into Contract) San Francisco Market Dynamics & SeasonalityMonthly Home Sales Volume* San Francisco Market Dynamics & SeasonalitySan Francisco: Number of Home Sales 12-Month-Rolling Totals since 2005*San Francisco Luxury Home Sales by Quarter Houses $5,000,000+/ Condos & Co-ops $3,000,000+Price Reductions on Active Listings San Francisco Market Dynamics & SeasonalityPercentage of Sales Over List Price San Francisco Market Dynamics by QuarterAvg. Sales Price to Original List Price Percentage San Francisco Market Dynamics since 2018, by QuarterAverage Days on Market - Speed of Sale San Francisco Market Dynamics by QuarterSan Francisco Employment Trends Number of Employed Residents, by Month since 2016*Continued Rapid Growth in Apartment Asking RentsHousing Permits Remain Below Pre-Pandemic Levels

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