San Francisco's spring market delivered. April data confirms what buyers have felt all season long: inventory is scarce, the best listings are moving in under two weeks, and sellers across both houses and condos are seeing results well above asking price. This isn't a seasonal blip — it's the continuation of a structural shift that's been building since 2025.

The question for April: Is the market slowing down? While national mortgage applications have dropped roughly 10% this week, San Francisco remains largely "decoupled" from the pack, supported by an extreme shortage of inventory and localized tech wealth.

San Francisco real estate doesn't wait for spring. It IS spring. The March 2026 numbers are in, and they tell a story of a market that is moving fast, rewarding sellers, and creating real opportunity for buyers who are ready.

Looking ahead, the undeniable story of 2026 is the AI gold rush. This isn't just buzz; it's a tangible force where capital and talent are pouring into the city, boosting rental and home sales

For the past twelve months, we’ve watched a new narrative take hold across the city. The “doom loop” narrative of 2024 has been replaced by the sound of moving trucks, open house chatter, and—yes—multiple offers.

Just like our weather, real estate in San Francisco is intensely hyper-local. A "balanced" market in one district can coexist with a "frenzied" market in another. Based on Q3 data and late-year trends, here is how key neighborhoods are performing.

The San Francisco market continued its strong momentum through November, powered by a "perfect storm" of positive indicators: lower mortgage rates, tight inventory, and renewed Tech & AI sector activity.

Fall selling season = momentum. Inventory tightened, demand stayed strong, and buyers were competitive—especially for single-family homes. Condos continued their comeback with sharper activity and slightly faster market times.