San Francisco County – Q4 2025 Market Overview

Listing activity in San Francisco declined toward year-end, with inventory pulling back sharply in December following earlier seasonal highs. Sold listings softened during the holiday period, reflecting slower year-end momentum rather than a material shift in demand. Median sales prices hovered in the mid-$1.3M range, while price per square foot held near $1,000, signaling relative price stability. Average days on market moved back into the mid-40s to low-50s, pointing to a more measured pace as buyers remained selective and sellers adjusted expectations heading into 2026.