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Market Trend Statistics for San Francisco Real Estate

Interactive Statistical Charts - Auto-Updated Daily

Posted by Paragon chief market analyst, Patrick Carlisle

WE APOLOGIZE, BUT FOR SOME REASON, FOR MANY VIEWERS THE AUTO-UPDATING CHARTS IN THIS POST ARE NOT APPEARING. WE ARE WORKING TO RESOLVE THE ISSUE, BUT IN THE MEANTIME, MANY OTHER REPORTS CAN BE FOUND ON OUR MAIN PAGE: Paragon Reports


Below are charts for a number of major, general market indicators for the SF residential real estate market that update in real time, as reported to MLS. The GENERAL SF market is covered first, then the LUXURY HOME market later in the report. For further analyses of market dynamics: Paragon Market Reports

Charts reflecting these statistics are generally calculated to reflect 3-month rolling averages for each month delineated, though there are exceptions: each chart will delineate the parameters of the analysis.

These are auto-updating embedded charts: PLEASE HIT YOUR BROWSER REFRESH BUTTON IF CHARTS ARE NOT LOADING QUICKLY.

Roll your cursor over the line charts to pull up the exact data for each time period.


Median Sales Prices


Median sales price is that price at which half the sales occurred for more and half for less. It typically conceals a large variety of different prices in the underlying individual sales, and can also be affected by other factors besides changes in fair market value, such as seasonality and large changes in the distressed, luxury-home or new-construction segments of the market. Short-term fluctuations are much less meaningful than longer-term trends.








Average Dollar per Square Foot Values


This statistic is based upon interior living space and doesn't include garages, basements, decks, patios, rooms built without permit or lot sizes. Typically, square footage figures come from appraisals, tax records or building plans, but square footage can be measured in different ways and the figures can be unreliable. Also, a fair percentage of listings don't report square footage, so these statistics can only reflect those sales that do. These values should be considered very general approximations.








Months Supply of Inventory (MSI)

MSI measures how long it would take to sell the existing inventory of listings for sale on the last day of the month per the past 12 months of accepted-offer activity. Typically, under 3 months of inventory is considered a seller’s market; 2 months or less signify an extreme seller’s market.








Average Number of Days on Market
prior to Acceptance of Offer (DOM)



Under 30 days is considered a fast moving market. Below 20 days reflects extremely high buyer demand for new listings. This figure would be even lower except that many San Francisco agents prefer to show their listings for 10 to 14 days before the seller even reviews offers, so as to fully expose the home to as many prospective buyers as possible and thus maximize the potential of a bidding war.








Number of New Listings Coming on Market, Total Active Listing Inventory,
Listing Accepting Offers (Pending) & Listings Sold by Month



New listings are hugely impacted by seasonality, with a rush of new listings typically coming on market in early spring and early autumn, then dropping during the summer and precipitously during the winter holidays. This next chart looks at monthly new-listing activity over the past year.








The total number of active listings on the market at any given time is determined by 3 big factors: seasonality, buyer demand and the motivation of prospective sellers to sell. In the long-term line chart, one can see the large decline in listings available to purchase at any given time over the past 5 years.








Listings Accepting Offers (Pending), by Month

This next chart looks at monthly offer acceptance activity over the past year to illustrate market seasonality.







Closed Sales by Month

The line graph reflects broad long-term trends in sales volume - it is a 12-month rolling chart, and each data point reflects 12 months of sales. The bar chart compares year-over-year single-month sales over the 3 most recent years.








Percentage of Listings Selling over Final List Price


Large percentages of sales in which the price is bid up above asking price usually signifies spirited buyer competition for new listings. Before 2012, this percentage typically ran between 20% and 40% of sales. It has climbed to new heights during the recent recovery. This is another statistic that is affected by seasonality: Higher percentages in spring and autumn, lower during the summer and winter holidays.








Median Percentage of Sales Price to Final List Price


This statistic is becoming somewhat distorted because many SF listing agents are underpricing, and sometimes egregiously underpricing, their listings. Still, sales prices consistently well above asking prices are a classic sign of bidding wars and a very hot real estate market.








San Francisco Luxury Home Market Statistics
First luxury HOUSE market charts, then luxury condo, co-op & TIC charts

San Francisco Luxury House Market Statistics
Auto-Updating Charts - May Take a Few Moments to Load
(Hit your browser refresh button if charts are not loading)

Overview trends for houses selling for $3 million +
(Within San Francisco , different districts often have different market statistics)

Line graphs reflect 12-month rolling numbers showing long-term trends since 2005.
The bar charts are 3-month rolling, year-over-year comparisons for 3 most recent years



Luxury House Sales Volume

Each data point = 12 months sales data



3-month rolling totals, year-over-year comparisons




New Luxury House Listings Coming on Market

Each data point = past 12 months total of new listing activity



3-month rolling totals, year-over-year comparisons



By MONTH for past year: Illustrates the extreme seasonal swings in the high-price market.




Luxury House Listings Accepting Offers
(Going into contract)

By MONTH for past year: Also illustrates the seasonal swings in the luxury home market.




Active Luxury House Listings at End of Month

Monthly average for previous 12 months



Year-over year comparisons, 3-month rolling average




Luxury House: Average Dollar per Square Foot Values

Average for previous 12 months of sales



3-month rolling average, year-over-year comparisons




Average Days on Market before Acceptance of Offer

Average for previous 12 month period



3-month rolling average, year-over-year comparisons




Luxury House: Months Supply of Inventory (MSI)

Average MSI for previous 12-month period



3-month rolling average, year-over-year comparisons




Luxury House: Median Percentage of Final List Price Achieved on Sale

Median % for previous 12-month period




San Francisco Luxury Condo Market Statistics

Overview trends for condos, co-ops and TICS Selling for $2 Million+
(Within San Francisco , different districts often have different market statistics)

Line graphs reflect 12-month rolling numbers showing long-term trends since 2005.
The bar charts are 3-month rolling, year-over-year comparisons for most recent 3 years


Luxury Condo Sales Volume

Each data point = 12 months sales data



3-month rolling totals, year-over-year comparisons




New Luxury Condo Listings Coming on Market

Each data point = past 12 months of new listing activity



3-month rolling totals, year-over-year comparisons




Active Luxury Condo Listings at End of Month

Monthly average for previous 12 months



Year-over year comparisons, 3-month rolling average




Luxury Condo: Average Dollar per Square Foot Values

Average for previous 12 months of sales



3-month rolling average, year-over-year comparisons




Average Days on Market before Acceptance of Offer

Average for previous 12 month period



3-month rolling average, year-over-year comparisons




Luxury Condo: Months Supply of Inventory (MSI)

Average MSI for previous 12-month period



3-month rolling average MSI, year-over-year comparisons




Median Percentage of Final List Price Achieved on Sale

Median % for previous 12-month period




Definitions: Confusingly, different analytical systems sometimes define (or calculate) certain common statistics - such as Months Supply of Inventory, Days on Market, and Dollar per Square Foot values - in different ways, which, of course, will yield different results. Which is why looking at trends is typically the best use of general statistics. The charts above were generated using the Infosparks system (we also sometimes use Broker Metrics or MLS generated metrics), and the parameters for its calculations can be found here: Infosparks statistical methods defined


Other reports you might find interesting:

Longer Term Statistical Trends in San Francisco Real Estate

30+ Years of San Francisco Real Estate Cycles

Where Best to Look in San Francisco for Homes in Your Price Range

San Francisco Neighborhood Prices & Trends

10 Factors behind the San Francisco Real Estate Market

Bay Area Apartment Building Market

Link to San Francisco Neighborhood Map
All data from sources deemed reliable, but may contain errors and subject to revision. These statistics were generated automatically by Infosparks using San Francisco MLS data. Sales unreported to MLS - such as many new-development condo sales - will not be reflected in these charts. Longer term trends are typically much more meaningful that short-term fluctuations (which are relatively common).

© 2018 Paragon Real Estate Group