Statistical Tables | | Divided, Fed Stands Pat
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jul 26 | Jun 26 | Jul 25 | |
| Home Sales: | 167 | 250 | 182 |
| Median Price: | $1,495,000 | $1,595,000 | $1,645,875 |
| Average Price: | $2,006,104 | $2,299,324 | $2,083,874 |
| SP/LP: | 99.1% | 100.2% | 108.9% |
| Days on Market: | 21 | 18 | 27 |
| (Lofts/Townhomes/TIC) | |||
| Jul 26 | Jun 26 | Jul 25 | |
| Condo Sales: | 272 | 300 | 213 |
| Median Price: | $1,142,000 | $1,095,000 | $1,075,000 |
| Average Price: | $1,380,031 | $1,327,733 | $1,246,047 |
| SP/LP: | 99.6% | 98.9% | 99.6% |
| Days on Market: | 42 | 36 | 60 |
The median sales price for single-family, re-sale homes was down 9.2%
year-over-year.
The average sales price for single-family, re-sale homes was down 12.8%
month-over-month. Year-over-year, it was down 3.7%.
Sales of single-family, re-sale homes fell 8.2% year-over-year. There were 167
homes sold in San Francisco last month. The average since 2000 is 214.
The median sales price for
condos/lofts
was up 6.2% year-over-year.
The average sales price was up 10.8% year-over-year.
Sales of
condos/lofts
rose 27.7% year-over-year. There were 272
condos/lofts
sold last month. The average since 2000 is 230.
The sales price to list price ratio, or what buyers are paying over what sellers
are asking, fell from 100.2% to 99.1% for homes. The ratio for condos/townhomes
rose from 98.9% to 99.6%.
Average days on market, or the time from when a property is listed to when it
goes into contract, was 21 for homes and 42 for condos/lofts.
Sales momentum…
for homes rose from +3.1 to +3.2. Sales momentum for condos/lofts was up 1.3
points to +15.6.
Pricing momentum…
for single-family homes fell 1.1 points to -9.8.
Pricing momentum for condos/lofts was up 1.8 points to +0.2.
Our momentum statistics are based on 12-month moving averages to eliminate
monthly and seasonal variations.
If you are planning on selling your property, call me for a free comparative
market analysis.
momentum by using a 12-month moving average to eliminate seasonality. By comparing this year's 12-month moving average to last year's, we get a percentage showing market momentum.
the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the average price.
As you can see, pricing momentum has an inverse relationship to sales momentum.
The graph below shows the median and average prices plus unit sales for homes.
Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me.
P.S. The FHA requires all condo projects to be re-certified before they will make a loan. To find out if the condo project you're interested in is eligible, go here: https://entp.hud.gov/idapp/html/condlook.cfm.
The graph below shows the median and average prices plus unit sales for condos/lofts.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for San Francisco are below. Monthly graphs are available for each area in the city.
| July Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Yearly Change | Monthly Change | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $1,495,000 | $2,006,104 | 167 | 21 | 99.1% | -9.2% | -3.7% | -8.2% | -6.3% | -12.8% | -33.2% |
| D1: Northwest | $2,437,500 | $2,514,000 | 12 | 10 | 130.6% | -20.1% | -17.8% | 140.0% | -20.1% | -26.5% | -63.6% |
| D2: Central West | $2,000,000 | $2,021,513 | 23 | 12 | 138.0% | 14.3% | 6.3% | -34.3% | 9.4% | -1.4% | -50.0% |
| D3: Southwest | $1,509,000 | $1,587,472 | 18 | 22 | 118.3% | 5.5% | -2.7% | 63.6% | -9.0% | -11.1% | 12.5% |
| D4: Twin Peaks | $2,625,000 | $2,726,191 | 25 | 17 | 129.6% | 48.4% | 39.9% | -19.4% | 9.3% | 7.8% | -24.2% |
| D5: Central | $2,890,000 | $3,473,388 | 18 | 18 | 126.1% | 20.2% | 28.4% | -25.0% | 5.9% | 11.4% | -62.5% |
| D6: Central North | $4,052,500 | $4,052,500 | 2 | 3 | 108.2% | 134.9% | 65.7% | -33.3% | -45.2% | -36.9% | -50.0% |
| D7: North | $8,900,000 | $8,100,000 | 4 | 160 | 115.5% | 16.3% | 5.3% | -42.9% | 4.7% | -34.8% | -42.9% |
| D8: Northeast | $3,762,500 | $7,296,748 | 4 | 19 | 95.4% | 29.7% | 127.6% | 0.0% | -28.0% | 39.6% | 100.0% |
| D9: Central East | $2,507,500 | $2,759,455 | 22 | 14 | 128.1% | 39.3% | 46.6% | 37.5% | 6.9% | 15.7% | 0.0% |
| D10: Southeast | $1,100,000 | $1,178,564 | 39 | 22 | 119.7% | -1.5% | 4.9% | -15.2% | -12.0% | -10.1% | -17.0% |
| July Sales Statistics | |||||||||||
| (Condos/TICs/Co-ops/Lofts) | |||||||||||
| Prices | Unit | Yearly Change | Monthly Change | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $1,142,000 | $1,380,031 | 272 | 42 | 99.6% | 6.2% | 10.8% | 27.7% | 4.3% | 3.9% | -9.3% |
| D1: Northwest | $1,800,000 | $1,946,111 | 9 | 34 | 103.7% | 67.8% | 67.3% | -35.7% | 37.9% | 16.3% | -18.2% |
| D2: Central West | $987,000 | $1,105,500 | 8 | 29 | 106.1% | -5.9% | 5.4% | 700.0% | -36.5% | -28.9% | 300.0% |
| D3: Southwest | $655,000 | $833,083 | 6 | 30 | 106.5% | -36.3% | -18.9% | 200.0% | -4.4% | 30.2% | 100.0% |
| D4: Twin Peaks | $437,500 | $437,500 | 2 | 112 | 95.4% | -32.3% | -39.7% | -50.0% | -43.1% | -51.1% | -66.7% |
| D5: Central | $1,475,000 | $1,508,883 | 35 | 27 | 112.1% | 9.3% | 18.4% | 29.6% | 5.4% | 0.6% | 0.0% |
| D6: Central North | $1,500,000 | $1,614,067 | 15 | 17 | 110.6% | 38.2% | 47.4% | -46.4% | 6.4% | 8.8% | -46.4% |
| D7: North | $1,635,000 | $2,110,283 | 19 | 29 | 108.3% | -19.8% | 17.7% | -13.6% | 9.0% | -10.0% | -34.5% |
| D8: Northeast | $885,000 | $1,333,040 | 49 | 59 | 101.9% | -16.4% | 4.4% | 40.0% | -12.4% | -1.1% | 0.0% |
| D9: Central East | $1,125,000 | $1,522,755 | 79 | 51 | 102.4% | 18.7% | 25.7% | 6.8% | 18.4% | 21.9% | 0.0% |
| D10: Southeast | $786,500 | $839,333 | 6 | 41 | 108.7% | -0.4% | 21.6% | 20.0% | 52.7% | 56.3% | 100.0% |
July 31, 2026 --
The Federal Reserve made no move at its July FOMC meeting this week, but that
doesn't mean that interest rates aren't moving. They are, and at least for
longer-term interest rates, the direction is up.
That's certainly not what folks looking to buy homes or refinance want to hear,
but the Fed doesn't have direct control over anything beyond a few key
short-term monetary policy rates, such as the federal funds rate, discount
window borrowing rate and the interest rate it pays banks to park reserves with
the central bank. All others are dictated by investors.
That the Fed did not increase the rates it controls appeared to disappoint the
bond market, who seem to be questioning the Fed's resolve to get inflation under
control and headed back down toward target. The longest of the long bonds --
30-year Treasuries -- surged higher after the meeting, and is currently perched
near 19-year highs. This move also helped push up the yield on the influential
10-year Treasury, and this will translate into firmer 30-year fixed mortgage
rates, which are already at about a one-year high.
Although the top-line GDP number for the second quarter didn't show it, the
economy is doing okay. The 1.5% growth rate for the period came in rather lower
than expected, but a fair bit of the decrease was due to the impact of a surge
of imports during the period and a drawdown in inventory levels, both which
subtract from the growth calculation. Overall consumption picked up
considerably, posting its strongest rate since last year's third quarter, so the
consumer held up pretty well. Fixed investment also contributed at a solid pace
-- even residential investment, which had shrunk for five consecutive quarters.
Price pressures for the period were mixed; overall PCE rose from 4.6% in the
first quarter to 5.1% in the second, driven by higher energy costs. Absent those
(and food costs) core PCE for the three months ended June actually retreated a
fair bit, falling from 4.4% in the first quarter to 3.4% for the second.
Unfortunately, market-based yields are what moves mortgage rates, and the move
at the moment is an upward one. Already at a year's high or more, mortgage rates
seem poised to trend higher again next week, but perhaps just a little, at least
based on how bond yields closed the week. Amid the typical
first-week-of-the-month cascade of fresh economic data, we think that the
average offered rate for a conforming 30-year fixed-rate mortgage as reported by
Freddie Mac may rise 2 to four basis points.
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