The Market Shifted. Did You Miss the Memo?
Let me be real with you for a second. Real talks begin.
For the past couple of years, a lot of people have been sitting on the sidelines — sellers thinking “I’ll wait for a better time,” buyers thinking “prices have to come down eventually.” I get it. The narrative around San Francisco real estate has been complicated.
But here’s what I’m seeing right now, on the ground, in this city I’ve called home for over 20 years:
The market has shifted. Hard.
In March 2026, the median house price in San Francisco hit $2.15 million — a record. That’s up 18% from a year ago. Condos jumped 27%. The Bay Area metro posted the largest year-over-year price increase of any major city in the country. Not nationally competitive — number one.
This isn’t a rumor. This is data.
So what’s driving it?
One word: AI.
The artificial intelligence boom isn’t just changing tech — it’s changing neighborhoods. Young engineers are receiving signing bonuses that would make your head spin, and they’re buying. Aggressively. We’re talking quality homes getting 20+ offers. Sales closing nearly $900,000 over asking price. Homes sitting on market for an average of 14 days — down from 18 days just last year.
And inventory? San Francisco has 1.8 months of supply. The national average is 3.2 months. There simply aren’t enough homes for the demand that exists right now.
If you’re a seller — this is your moment.
I know it might feel like you missed the 2021 frenzy. You didn’t. What’s happening right now is different — it’s driven by real, sustained wealth entering this city, not just low-rate speculation. Buyers are motivated, pre-approved, and ready to move fast.
If you’ve been waiting for the “right time” to list — I’d like to have a conversation with you. Soon.
If you’re a buyer — here’s the honest talk.
Yes, this market is competitive. Yes, you need a strategy. But waiting is not a neutral move. Every month you sit out, the number you’re chasing goes up. The buyers winning right now aren’t the ones with the most money — they’re the ones with the best preparation and the right team behind them.
I help buyers navigate exactly this kind of market. International buyers, out-of-state buyers, first-timers who thought SF was out of reach — I’ve helped all of them find a way in.
The memo went out. The question is what you do next.
Whether you’re thinking about selling, buying, or just want to understand what this market means for you — I’m here for the real conversation.
📲 DM me, email me, or WhatsApp me. Let’s talk.
Ichi Halvorson | REALTOR® | Golden Gate Realty & Finance
ichihalvorson@goldengate365.com | goldengate365.com
DRE #01973163
This post is for informational purposes only and does not constitute legal, financial, or tax advice. Please consult a licensed professional for guidance specific to your situation.
