Why Are San Francisco Homes So Hard To Buy Now?
In this brief market commentary, Austin Klar explains that San Francisco’s single‑family home market has become extremely competitive. Although the number of listings has declined over the past year, home sales have risen, pushing the effective inventory down more than 30% year‑over‑year. Monthly supply—a measure of how long existing inventory would last without new listings—is roughly one month, placing the market deep in seller’s‑market territory. Homes are typically under contract within weeks, often with multiple offers above asking price. The absorption rate sits at about 95%, meaning almost every listed home quickly goes into escrow. This inventory shortage and heightened buyer competition are already driving home‑price appreciation, which Klar expects to accelerate if current trends (falling interest rates and a return of buyers to the city) continue. He ends with a call to share the information with prospective movers and to follow him for more Bay Area real‑estate updates.
