October 2025 Sillicon Valley Real Estate Market Summary

Median sale prices for condos declined across the board for the second month in a row.

• Single-family home inventories declined year-over-year for the first time in months.

• As inventories fall, listings are being bought up at breakneck pace!

October 2025 Bay Area Real Estate Market Summary

September marked a significant shift in Bay Area inventory dynamics, with most regions experiencing year-over-year declines for the first time in months, driven by increased sales velocity rather than new listing growth.

• San Francisco stands out with dramatic inventory declines of over 30% and surging single-family home prices, while other regions show more modest price movements within historical bands.

• Market velocity continues to accelerate across most Bay Areas regions, with listings selling faster despite percentage increases in days on market, as absolute numbers remain remarkably low.

• The region-wide trend toward seller's markets intensifies as inventory normalization continues, with San Francisco's condo market approaching seller's territory and other regions showing steady movement in that direction.

October 2025 San Francisco Real Estate Market Summary

Affordability remains an issue nationwide, as monthly P&I payments ticked up by 2.90% year-over-year.

• Mortgage rates are finally starting to decline, as we enter a rate-cutting cycle.

• Inventories are still growing at a faster rate than existing home sales.

• Quick observation about Macroeconomics/The Broader Market

September 2025 San Francisco Real Estate Market Summary

Median sale prices remained roughly flat on a year-over-year basis in San Francisco.

• Inventory levels continue to creep lower in both the single-family home and condo markets.

• Condos are actually spending more time on the market on a year-over-year basis.

September 2025 North Bay Real Estate Market Summary

• Median sale prices show mixed performance across the Bay Area, with Silicon Valley maintaining strength while the East Bay experiences six consecutive months of declines.

• Inventory dynamics vary dramatically by region - San Francisco faces severe shortages while most other areas see rising inventory levels.

• Despite varying inventory conditions, listings are spending significantly more time on the market across nearly all Bay Area markets.

• Market conditions range from highly competitive sellers' markets in core Silicon Valley to more balanced or buyer-friendly conditions in outlying areas.

September 2025 East Bay Real Estate Market Summary

• In August, median sale prices increased on a year-over-year basis in the East Bay for the first time in six months!

• Despite median sale price growth, inventories remain at an elevated level on a year-over-year basis.

• While inventories are normalizing, the average listing is still spending quite a bit more time on the market when compared to last year.

Septemeber 2025 Silicon Valley Real Estate Market Summary

• Median sale prices increased across the board in the single-family home market in August.

• Single-family home inventory levels are actually lower on a year-over-year basis for the first time in months.

• Single-family home listings continue to be snapped up at a breakneck pace.

September 2025 Bay Area Real Estate Market Summary

• August marked a turning point for Bay Area real estate, with single-family home prices rebounding in most regions while condo markets continue to struggle with volatility and declines.

• Inventory levels are normalizing across the region after summer peaks, with San Francisco reaching some of the lowest supply levels ever recorded while other areas remain elevated year-over-year.

• Despite inventory normalization, listings are spending significantly more time on market throughout most of the Bay Area, reflecting increased buyer selectivity.

• Market dynamics strongly favor single-family homes over condos, with San Francisco becoming a dual seller's market while other regions maintain the traditional split between property types.

August 2025 San Francisco Real Estate Market Summary

• Homes in the San Francisco area continue to sell within their historical average range.

• Lack of inventory remains a huge issue throughout San Francisco.

• Despite inventory being an issue, condos are still sitting on the market for quite some time.

August 2025 North Bay Real Estate Market Summary

• While median sale prices remain volatile in Napa County, they’re relatively stable in surrounding counties.

• Inventory levels have bucked the trend and fallen precipitously

• Despite falling inventory levels, listings are spending quite a bit more time on the market than they were last year.

August 2025- East Bay Real Estate Market Summary

• Median sale prices in the East Bay have fallen for six months straight.

• Inventories remain higher on a year-over-year basis as the number of sold listings falls.

• Homes are spending more time on the market, as inventories rise and sale prices fall.

August 2025 Silicon Valley Real Estate Market Summary

• Median sale prices in Santa Clara County continue their impressive growth streak

• Inventories remain higher on a year-over-year basis

• Listings are spending more time on the market across the board

August 2025 Bay Area Real Estate Market Summary

• Median sale prices show mixed performance across the Bay Area, with Silicon Valley maintaining strength while the East Bay experiences six consecutive months of declines.

• Inventory dynamics vary dramatically by region - San Francisco faces severe shortages while most other areas see rising inventory levels.

• Despite varying inventory conditions, listings are spending significantly more time on the market across nearly all Bay Area markets.

• Market conditions range from highly competitive sellers' markets in core Silicon Valley to more balanced or buyer-friendly conditions in outlying areas.

Median sale prices continued to increase throughout San Francisco in the month of June.

Inventory continues to be a huge issue in San Francisco, as levels continue to dwindle.

Due to the inventory constraints in the area, listings are scooped up off the market at breakneck speed.

The condo market continues to be incredibly volatile, while the single-family home market has remained relatively stable.

• In June, we saw a sharp decline in the amount of inventory on the market, as fewer new listings were added.

• Despite the drastic drawdown in inventory, the average listing is still sitting on the market for longer than it was last year.

Condo median sale prices continue to trend lower than this time last year.

Inventory seems to have peaked for the year, as supply is slowly bought up.

Listings continue to spend much longer on the market when compared on a year-over-year basis.

• The single-family home market has remained incredibly resilient, while cracks have begun to form in the condo market.

• Silicon Valley inventory levels seem to have reached a local peak in May and have begun to decrease in June.

• Condos are spending approximately 2-3x longer on the market when compared to this time last year.

July 2025 Bay Area Real Estate Market Summary – Kinoko Real Estate

Nationally, housing affordability remains a major issue, with the median principal & interest (P&I) payment up 10.15% year-over-year, despite mortgage rates staying steady in the mid-6% range. Home inventories continue to grow, increasing buyer leverage, while global economic uncertainty adds to consumer caution. Although the Fed may cut interest rates later in the year, affordability concerns persist.

Locally, the Bay Area market is showing divergent trends. San Francisco leads in price growth, with single-family home prices up 4.42% and condo prices rising an impressive 10.52%. In contrast, other regions—particularly condo markets in the East Bay and Silicon Valley—are experiencing year-over-year declines. Inventory peaked in May and began declining in June, with significant drops in the North Bay and San Francisco. Despite fewer listings, homes are spending more time on the market, suggesting increased buyer selectivity.

Single-family homes remain in seller’s market territory across most regions, while condos have shifted firmly into buyer’s market conditions. San Francisco, for example, shows only 1.5 months of supply for single-family homes but 3.5 months for condos. Overall, while the broader market slows, opportunities are emerging—especially in the condo segment for buyers with long-term plans.

Although many markets have seen a downtrend in pricing, San Francisco has remained incredibly resilient. In fact, in the month of May, we saw quite a surge in median sales prices, with home values reaching some of the highest levels we’ve seen in over two years. The median single-family home was sold for $1,802,000, a 7.58% increase compared to May of last year. Whereas the median condo was sold for $1,298,000, representing a year-over-year increase of 8.26%. This phenomenon is likely due to the fact that inventories have been downtrending for years at this point.

In the North Bay, market activity is more nuanced. Median home prices remain relatively flat, with small increases in Sonoma and Marin Counties and slight declines in Solano and Napa. Inventory has dropped sharply—down over 16% year-over-year—largely due to fewer new listings. Despite this, homes are spending more time on the market, signaling a cautious buyer base. Currently, Marin and Solano Counties lean toward seller’s markets, while Napa remains a buyer’s market, and Sonoma holds steady in the middle.

If you're thinking about buying or selling, understanding these trends is essential. Each county has its own market dynamics, and having local expertise on your side makes all the difference. Click here to learn more and let Charlie Brown guide you through your next real estate move with confidence.