San Francisco, CA housing market

San Francisco home values are up about thirteen percent in one year, and not a single seller is cutting their price. If you own a home here, that combination tells you something important about your position right now. The typical San Francisco home is now worth just under one point four million dollars, up roughly thirteen percent from a year ago. Sellers are holding firm in a way you almost never see. The share of listings with a price cut is zero percent, meaning not one home on the market has dropped its asking price. Part of that is supply. There are only about five hundred thirty homes for sale in the entire city, and around four hundred twenty eight new listings came on this month, which is barely enough to replace what sells. But here is the part that keeps this honest. Even with prices climbing and no cuts, the median home still takes about forty eight days to sell, nearly seven weeks. Buyers at these prices are careful, and they are not rushing. The typical asking price sits around one point three seven million, just under the typical value, which suggests sellers are pricing to attract, not to test the ceiling. So if you are thinking about selling, you can price with confidence, but not with arrogance. A fair price likely gets you a sale in about seven weeks. Overreach, and your home sits while everything around it moves. If you want to know what your home would sell for in this market, get a free home value estimate at Home Value Pros dot com.