Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

SF Condo Prices Are Skyrocketing—Here's Why

Name: SF Condo Prices Are Skyrocketing—Here's Why
Uploaded: 2026-05-17T00:00:24+00:00
Duration: 50 s
Channel: Austin Klar
Description: In this short YouTube commentary, Austin Klar outlines the rapid escalation of San Francisco condo prices. He notes a 22% drop in new listings this year…

17 May 2026 · 1 min

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In this short YouTube commentary, Austin Klar outlines the rapid escalation of San Francisco condo prices. He notes a 22% drop in new listings this year, while pending sales have risen 9%, creating a sharp inventory shortage. Days on market have fallen 30% year‑over‑year and overall inventory is down 35%, intensifying competition among buyers. Consequently, average price per square foot is up 9%, average sale price up 16%, and median sale price up 17% compared with the same period last year. Klar attributes the price surge to classic supply‑demand dynamics, warns that the current growth rate is unsustainable, and calls for more inventory to stabilize the market, urging viewers to follow him for ongoing San Francisco real‑estate updates.

Chapters

San Francisco's condo market is officially out of control. Despite 22% fewer new listings this year, pending sales are up 9%, creating an inventory crunch that is crushing buyers right now. Fewer homes are needing to cut their list price to sell, and days on market are down 30% compared to the same period last year. And the faster pace of sales with greater overall demand has shrunk inventory levels by 35%. And when demand grows with supply falling, Economics 101 teaches us that prices go up, and that's exactly what's happening. After several flat years starting with the pandemic, The average price per foot is up 9% so far this year compared to the same period last year. Average sale price up 16%, median sale price up 17%. This growth pace is really unsustainable, and I hope we get more inventory soon to calm it down. But in the meantime, expect the market to keep pushing. Follow me for more San Francisco real estate.