Is San Francisco's Housing Market Out of Control?
A $3.8M condo in Cow Hollow just sold for over $5 million. 🏙️ San Francisco’s housing market is officially out of control: 📈 Nearly 92% of single-family homes sold above asking in September, the highest on record 📈 The average home went for almost 30% over list, up from 13% a year ago 📈 Median price: nearly $2.6M, up from $1.9M last year 📉 Only 240 single-family homes were on the market at the end of September The driver? The AI boom. Tech workers and investors with new money are fighting over a tiny supply, and sellers are pricing low on purpose to spark bidding wars. Even agents say they can’t tell what a fair price is anymore. Meanwhile, with mortgage rates above 7%, most of the country is pulling back. SF is one of just six major U.S. metros where buyers outnumber sellers. Thinking about buying or selling in San Francisco? Follow for more market updates. 👇 📲 628.284.9800 📧 JD@mosaikrealestate.com 🪪DRE 02239029 Would you bid in this market? Tell me in the comments. #SanFrancisco #BayAreaRealEstate #SFHomes #HousingMarket #RealEstateNews *Source: Compass and Redfin data via the S.F. Chronicle, Oct. 2026.*