In November, home prices fell substantially from the month before, with a median listing price of $1,150,000.
The number of listings on the market shrank 14.5% from last month, which is a bigger decrease than normal for this time of the year in San Francisco, and homes are also selling faster than at the same time last year.
Home prices in San Francisco
Typically, home price per square foot in San Francisco tend to fall in November. And the most recent data shows that the price per square foot decreased by 1.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Golden City are larger the national market.
San Francisco inventory
In November, there were 758 homes for sale in San Francisco, which was 14.5% less than the month before and 30.6% less than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in San Francisco was 308, which was 36.1% less than the month before and 2.5% less than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in San Francisco take an average of 67 days to sell, according to November figures.
This is six days more than the previous month and four days less than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in San Francisco, CA.
Most popular listings in San Francisco, CA