May 2026 Newsletter

Market Update

Tight Market, Big Moves: SF Spring 2026

678 condos and single family homes on the market in SF right now. That's it. This time last year there were 1,020; 33% fewer homes on the market this year than last year. 371 homes are currently in contract across the city. Buyers are absorbing everything that hits the market because there simply isn't much of it.

April kept me busy — 4 closings, every one over asking, averaging nearly 25% above list price. And the momentum has carried into May: I currently have three buyers in contract, and none took the traditional route. One is a probate deal, one couple pivoted to an income-producing three-unit building, and one are tenants buying from their landlady (I love it!). That's what this market demands — creativity, hustle, and an open mind.

If you're thinking about selling, now is the time — before summer hits and buyers head to the beach. And if you're buying, come ready to move. The opportunities are there, but they don't wait!

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

See what's on the Market this week →

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

Average Sold Price

$1,938,918

$1,849,965 last month

San Francisco

List vs Sold Price

117.00%

115.00% last month

San Francisco

New Listings

636

632 last month

San Francisco

Sold Listings

479

430 last month

San Francisco

What's Happening with Mortgage Rates : The 30-year fixed rate sits at 6.46% today — down 133 basis points from the October 2023 peak of 7.79%, but still well above the pandemic low of 2.65%. Roughly 82% of American homeowners have a rate below 6%. So, there's no financial 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. Date the rate, marry the house.

source: Freddiemac.com

628 Shotwell Street

$4,850,000

Represented the SELLER

1442 Sanchez street

Noe Valley Single Family Home

Represented the BUYERS

308 SHOTWELL #2

1031 INVESTMENT + HOME

Represented the BUYER

2652 california st

A Renovation to Come!

Represented the BUYER $3.4M

642 Clayton Street

Representing the BUYER

435 & 437 Linden St

Representing the BUYER

Ask Me About... a grand Victorian Single Family Home in Pacific Heights... currently under renovation, ready on the market coming this Fall... with PARKING

566-568 MISSISSIPPI ST

INCOME DUPLEX + DEVELOPMENT

Asking $1,995,000

1885 CALIFORNIA sT

PACIFIC HEIGHTS TROPHY 7-UNITS

Asking $5,149,000

Check out these crazy SF Real Estate stats

Interested in learning more about a 1031 Exchange? It's how real estate investors postpone paying capital gains taxes until far in the future. Smart. I like it. Ask me how!