09/21/2025
San Francisco Market Update | September 2025
As we enter the fall selling season, historically one of the busiest times of the year, San Francisco’s housing market is showing renewed energy. While some key metrics reflect year-over-year declines, the overall picture remains encouraging. Lower mortgage rates, tighter inventory, and strong buyer competition, especially in the single-family segment, are setting the stage for an active fall. Nearly 70 percent of all homes sold above their asking price, with sellers receiving an average of 113.4 percent of list price, a gain of more than two percentage points compared to a year ago. Perhaps the most encouraging development is on the financing side. Freddie Mac recently reported mortgage rates at a 10-month low, creating new opportunities for buyers to re-enter the market or increase their purchasing power. This shift is already fueling stronger demand, offsetting some of the slower pace that characterized the summer months. Combined with steady economic growth and historically strong fall activity, lower rates are providing the backdrop for a competitive and energetic close to the year.
Read the full report at the link in bio.
