Fourth of July 2026 fireworks over the Golden Gate Bridge, with Lisa Zahner branding.

July 2026 Newsletter

Market Update

The Summer Slowdown That ISN'T!

Happy 4th of July week. While everyone's firing up the grill, SF real estate is doing worth your attention: just 520 homes for sale citywide right now — down 44% from 929 this time last year. Buyers aren't slowing down for summer. This isn't softening demand, it's a supply shortage, plain and simple. 388 homes in contract citywide tells the same story. I closed 3 deals this month for new buyers — if you're thinking about buying or selling, now's the time to talk.

S ee what's on the Market this week →

Chart comparing San Francisco active inventory in 2025 and 2026, ending at 929 homes and 520 homes, respectively.

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

The Stats

Average Sold Price

$1,909,438

$1,912,179 last month

San Francisco

List vs Sold Price

117.00%

116.00% last month

San Francisco

New Listings

399

616 last month

San Francisco

Sold Listings

529

507 last month

San Francisco

What's Happening with Mortgage Rates: 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 single 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.

Chart of 30-year mortgage rates, showing a 2.65% low in January 2021, 7.79% peak in October 2023, and 6.49% in June 2026.