Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

Why Are San Francisco Homes Selling So Fast?

Name: Why Are San Francisco Homes Selling So Fast?
Uploaded: 2025-08-04T00:00:56+00:00
Duration: 1 min 9 s
Channel: Austin Klar
Description: In this concise market update, Austin Klar explains that San Francisco’s single‑family home market is an intense seller’s market. He cites a monthly…

4 Aug 2025 · 1 min

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1:09

In this concise market update, Austin Klar explains that San Francisco’s single‑family home market is an intense seller’s market. He cites a monthly supply of only 1.3 months—well below the neutral 4‑month benchmark—meaning existing inventory would be sold out in roughly five weeks if no new listings appear. He notes that days on market are falling, homes are selling on average 7 % above ask (up from 5 % a year ago), the price per square foot is up 2 %, the median price is up 3 %, and the average sale price is up 1.4 % year‑to‑date. Klar attributes the growing buyer pool to improving city conditions, a return to office work, and new job creation. He concludes by inviting viewers to contact him for deeper insight.

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I can't overstate how brutally competitive it is for single-family homes in San Francisco, and there aren't any signs that the conditions are gonna get any easier. Monthly supply, which measures the number of buyers in relation to the number of homes available, is at a staggeringly low 1.3 months so far this year, and that's down compared to the same period last year. That means that if no new homes came to market, it would take about 5 weeks for all existing inventory to completely sell out. A neutral market is in the 4-month range. Buyers market above that. So we are firmly in sellers market territory for single family homes. And that shows with what's happened with pricing and sales speed so far this year. Days on market so far this year down compared to the same period last year and trending down over the past 3 months. And homes are selling on average 7% over ask compared to 5% the same period last year. An average price per foot up 2%, median price up 3%, an average sale price up 1.4% so far this year. Reality is we don't have enough single family homes for the number of buyers who are actually looking to buy them. And the number of buyers is growing as conditions in the city improve, as more offices call employees back to the office, as more new jobs are created. If you want to learn more about what's going on in the market, reach out to me.