San Francisco skyline above orange sunrise fog, with the Transamerica Pyramid and Salesforce Tower.

August 2026 Newsletter

Market Update

14% over asking. 14 days on market. Welcome back to SF.

Just back from a week in Salida, Colorado with the family — lots of time by the river and hiking with the kids before they head out on their own back to Brooklyn, Golden, and Santa Cruz. It was a good reminder to slow down, even in a market that hasn't.. my listing at 1460-1462 Waller St went into contract with multiple offers!

141 San Francisco single-family homes have sold for at least $1 million over asking so far this year — that's 1 in every 10 sales, compared with 1 in 109 last year. And the market isn't slowing down: 489 condos and single-family homes are on the market right now, still down 30% from 695 the same week last year, even as new inventory accelerates. 118 new listings hit the market this week, up from 104 the week before. Buyers are keeping pace: 286 homes are in contract citywide, with condos up nearly 13% in a single week. (See below: SF active inventory, 2025 vs. 2026 — new listings are climbing, but we're still well under last year's pace.)

S ee what's on the Market this week →

Source: SFAR MLS. Data deemed reliable but is not guaranteed.

What's Happening with Mortgage Rates: The 30-year fixed sits at 6.65% today, down from the Oct 2023 peak of 7.79%, but well above the pandemic low of 2.65%. Roughly 82% of homeowners have a rate below 6%; there's no incentive to sell and buy again at more than double what they're paying. That's the biggest reason SF supply remains historically low. For buyers, waiting for 5% rates is not a strategy. Buy the right place now and refinance when rates improve.

source: Freddiemac.com

1 460-1462 Waller Street

Representing the SELLER

GORGEOUS remodeled duplex - over 5,000 SF. Just 14 Days on Market and 14% over asking price! Closing early Sept.

7 7 Benton Ave

Representing the BUYER

Generous Single Family Home in Bernal, just needs a bit of TLC - FUN! Closing early Sept.

7 50 van ness ave #502

Representing the BUYER

A Below-Market-Rate unit for a first-time buyer, long process, and worth it! Closing early Sept.

ASK ME ABOUT...

Grand Victorian, Pacific Heights - under renovation - with parking!
1BR Hayes Valley Condo w/ shared outdoor deck & Parking! Mid Sept!
Castro Duplex - renovated & vacant - with parking!

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Well-priced homes are still moving fast, and buyers are learning to look past the list price to figure out where a home will really trade. If you're thinking about buying or selling this fall, let's talk.

I work with both buyers and sellers, for residential homes and investment properties. I'm always happy to answer any questions you might have.

Cheers,

Lisa Zahner

415.948.5747

P.S. Have a great last few weeks of Summer!