Is San Francisco a Buyer's Market or a Seller's Market? (July 2026 Data)

San Francisco is a seller's market. The city has about 1.4 months of inventory, and in July the typical single-family home sold for 25% over its asking price.

The interesting part is where that stops being true. Condos closed at a median 100.4% of list, essentially at asking, while single-family homes closed at 125.1%. That 25-point gap is the largest opening buyers have in this market right now. Homes under $1.5 million are the other one, where the median price actually slipped 3.4% year over year.

And it isn't about mortgage rates. The 30-year fixed averaged 6.69% the week of August 6, against 6.63% a year earlier. Six basis points. What's driving this is supply: owners holding 3% mortgages from 2020 and 2021 aren't listing, so the houses that would normally come to market never do.

I broke down the full numbers by property type and price band, along with what it means if you're buying or selling right now:

Read the full analysis: Is San Francisco a Buyer's or Seller's Market?

Janice Lee, Coldwell Banker Realty. San Francisco Bay Area real estate for 20+ years. (415) 832-9151

Location: San Francisco, CA, USA

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