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San Francisco Home Prices, Market Conditions & Trends September 2025

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San Francisco Home Prices, Market Conditions & Trends September 2025

Generally speaking, this summer’s market saw no large shifts in market dynamics beyond typical seasonal changes, and due to the AI boom, San Francisco remains one of the strongest markets in the Bay Area. The focus now is on the fall selling season, which runs from early September to early November before listing and sales activity begins to plunge for the mid-winter holidays. Early fall almost always begins with a huge surge in new listings, which then provides a substantial boost to sales activity, especially in higher-price segments. Probably the biggest wild card right now is what is going to happen to interest rates, but economic indicators present a surprisingly wide range of mixed messages.