📈 July 2025 San Francisco Real Estate Market Report
- Clay Gjevre
- Jul 25, 2025
- 3 min read
by Clay Gjevre
The San Francisco housing market is doing something surprising this summer: prices are climbing sharply, while inventory is quietly vanishing. If you're wondering whether to buy, sell, or sit tight, this data-driven breakdown will help clarify your next move.
Mortgage Payments Are Up—Even Without Rate Hikes
Nationally, affordability continues to be the biggest challenge. The average monthly mortgage payment has jumped 10.15% year-over-year—even though home prices are up just 1.3% and interest rates have remained relatively flat in the mid-6% range. Why the disconnect?
Buyers are stretching more, financing larger amounts, and competing for limited inventory. And while the Fed may cut rates later this year, few expect a return to the low-5% range anytime soon.
National Inventory Is Up, But Buyers Are Cautious
Across the U.S., new listings are up nearly 10%, but sales are down slightly. That’s pushed total inventory up by over 20%. Normally, that would be great news for buyers—but concerns about inflation, global conflict, and job stability are making many people hesitate.
If you’re a buyer with stable income and long-term plans, this could actually be a smart time to make a move—with less competition and more room to negotiate.
🔍 San Francisco Housing Market: What’s Actually Happening?
Here’s where things get really interesting. Despite national uncertainty, San Francisco is seeing a significant rebound—especially in the condo market.
Median Prices Are Climbing Fast
Single-family homes: Median prices rose 4.42% year-over-year.
Condos: Prices surged 10.52% compared to June 2024.
Houses are selling at an average of 112% of list price, and condos are now selling at nearly 100% of asking—a huge shift from the discount-heavy days of 2023.
Inventory Has Dropped Off a Cliff
Compared to last year:
Single-family listings are down 7.87%
Condo listings are down 18.77%
This steep drop in inventory is driving urgency and competition. Move-in-ready homes are flying off the market, and buyers no longer have time to wait or hesitate.
Homes Are Selling Fast
Single-family homes are going pending in just 14 days on average.
Condos are still moving steadily at 31 days.
For sellers, that 14-day average is a flashing green light—it signals high demand and low competition, especially for well-prepped properties.
⚖️ Who Has the Leverage?
Single-family homes: With just 1.5 months of supply, this segment is a strong seller’s market.
Condos: At 3.5 months of supply, the market is more balanced—buyers still have some negotiating power, but it’s tightening.
🧭 What Buyers and Sellers Should Do Now
For Sellers:
If you own a house in one of the best neighborhoods in San Francisco, this is your moment.
For condo owners, smart pricing and professional prep are critical—buyers are engaged, but selective.
For Buyers:
Don’t let media doomscrolling deter you. Yes, it’s competitive—but especially in the condo market, you may find some leverage.
Be ready to move fast on homes in top San Francisco neighborhoods. Bring a strong offer and creative terms when you can.
Final Thoughts
San Francisco real estate is defying national trends—with tight supply, fast sales, and rebounding prices. Whether you're a buyer looking to get ahead of the next wave or a homeowner considering a move, understanding the nuances of today’s market is key.
If you want personalized advice or are looking for a top San Francisco real estate agent, connect with a local expert who understands this fast-moving market.
📲 Call or Text: (415) 481-4074
📧 Email: Clay@ClayGjevre.com
🌐 Website: https://www.claygjevre.com/
📍 Need a Referral outside San Francisco: https://www.claygjevre.com/referral
Clay Gjevre San Francisco Realtor®
Vantage Realty
DRE 02099237
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