November 2025 San Francisco Real Estate Market Summary

Median single-family home prices marked a new two-year high in October.

• Inventory continues to be a huge issue in both the single-family home and condo markets.

• Listings aren’t spending very much time on the market, with the average single-family home being sold in just 14 days.

November 2025 Greater Bay Area Real Estate Market Summary

San Francisco reaches unprecedented market tightness with single-family homes hitting two-year price highs and inventory dropping over 35% year-over-year, while both property types firmly establish seller's market status.

• The Bay Area experiences a dramatic "inventory overcorrection" in October, with most regions swinging from elevated summer levels to below-normal supply, driven primarily by sharp declines in new listings rather than increased sales.

• Condo markets across the region face mounting pressure with widespread price declines and dramatically extended days on market, particularly in Silicon Valley where some areas see listings taking more than twice as long to sell.

• The property type divide intensifies as single-family homes maintain ultra-competitive conditions with rapid sales, while condos struggle with extended market times despite favorable buyer conditions.

November 2025 Silicon Valley Real Estate Market Summary

Median sale prices for condos fell precipitously in Silicon Valley this month.

• Inventory levels have overcorrected and are now lower than they were last year.

• Listings are spending much more time on the market than this time last year.

November 2025 East Bay Real Estate Market Summary

Median sale prices for condos continue to lag where they were last year.

• Inventories are surprisingly static on a year-over-year basis

• Listings are spending a lot more time on the market than they were last year

November 2025 North Bay Real Estate Market Summary

Median sale prices are mostly in line with where they were around this time last year. The North Bay has seen inventories crater on a year-over-year basis, as considerably fewer homes hit the market. Despite lower inventory levels, listings are still spending more time on the market on a year-over-year basis.