In July, home prices fell substantially from the month before, with a median listing price of $1,125,000.
The number of listings on the market shrank 18.1% from last month, which is a bigger decrease than normal for this time of the year in San Francisco, and homes are also selling slower 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 July. And the most recent data shows that the price per square foot decreased by 1.0% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Golden City are larger the national market.
San Francisco inventory
In July, there were 917 homes for sale in San Francisco, which was 18.1% less than the month before and 6.1% less than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
Time on market
Homes in San Francisco take an average of 79 days to sell, according to July figures.
This is nine days more than the previous month and 22 days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
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.