Dear Friends,

U.S. existing-home sales edged down 1.7% from the previous month to a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). Regionally, sales increased in the Northeast, held steady in the West, and declined in the Midwest and South. On a year-over-year basis, sales rose in the Midwest and West while remaining flat in the Northeast and South.

 

SAN FRANCISCO data is as follows*

 

Compared to August 2025, in August 2026: 

New Listings were up 8.7 percent for single-family homes and 10.8 percent for Condo/TIC/Coop properties.

Pending Sales increased 7.7 percent for single-family homes and 19.4 percent for Condo/TIC/Coop properties.

Median Sales Price was up 23.3 percent to $1,850,000 for single-family homes and 20.8 percent to $1,217,500 for Condo/TIC/Coop properties.

Months Supply of Inventory decreased 38.5 percent for single-family units and 48.4 percent for Condo/TIC/Coop units.

Days on Market decreased 23.5 percent for single family units (from 34 to 26 days) and 41.7 percent for Condo/TIC/Coop units (from 74 to 42 days).

 

*FULL SAN FRANCISCO MLS DATA REPORT AVAILABLE UPON REQUEST  

 

OUTLOOK, per SFAR:

Nationally, the median existing-home sales price climbed to $431,400, as inventory remained at a 4.6-month supply at the current sales pace, NAR reported. Year-to-date sales are up 2.4%, reflecting stable demand even amid elevated mortgage rates. Homes are sitting on the market longer and fewer buyers are bidding above asking price compared to a year earlier, though local market conditions vary widely.

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Now, more than ever, it's crucial that Buyers and Sellers align themselves with a knowledgeable Realtor who understands the dynamics of our unique Bay Area market. If you or someone you know is looking to purchase or sell real estate, we’d love to put our knowledge to work to help you achieve your real estate goals while minimizing time, costs and liability.

 

Sending warm wishes for a wonderful weekend! 

*****

The Highest Compliment we can receive is the

Referral of Your Friends!