SF + Marin market note

What Q2’s tight supply means for San Francisco and Marin

Q2 2026 brought stronger sales activity and constrained inventory across San Francisco and Marin. The headline numbers favor well-positioned sellers, but they are orientation—not a shortcut to a home’s value. Property type, block, condition, light, parking, and the closest recent sales still determine the useful range.

The quarter at a glance

The headline numbers—and the limits around them.

San Francisco

San Francisco single-family homes and condos remained competitive in Q2 2026, but the combined citywide figures conceal meaningful differences by property type, neighborhood, condition, and block.

The combined median sale price was $1.7 million, 13% above Q2 2025.
Closed sales rose 20% year over year while quarter-end inventory fell 47%.
Average days on market fell from 34 to 25, but citywide speed does not predict one home’s result.

Median sale price, single-family homes and condosQ2 2026 · high confidence: $1.7M
Closed sales, single-family homes and condosQ2 2026 · high confidence: 1,466
Active inventory at quarter endQ2 2026 · high confidence: 417
Average days on marketQ2 2026 · high confidence: 25 days

Marin County

Marin County single-family sales showed limited supply and a sharp split between homes that found a contract quickly and listings that lingered in Q2 2026.

The single-family median sale price was $1.865 million, 3% above Q2 2025.
Closed single-family sales rose 16.6% year over year to 711.
Fast-moving homes and lingering listings produced very different outcomes, making launch condition and initial pricing especially important.

Median single-family sale priceQ2 2026 · high confidence: $1.865M
Closed single-family salesQ2 2026 · high confidence: 711
Share entering contract within 30 daysQ2 2026 · high confidence: 76%
Sale-to-original-list ratio, homes under 30 daysQ2 2026 · high confidence: 105.72%
Months of single-family supplyQ2 2026 · high confidence: 1.1 months

Nader's read

What changed—and what it actually means.

Quarterly statistics can orient the conversation. They cannot price your block, your view, your renovation, or the way buyers will read the home today.

Start with your home

What changed

San Francisco’s combined single-family and condo median reached $1.7 million, up 13% year over year, as closed sales rose and quarter-end inventory declined.
San Francisco’s average market time fell to 25 days from 34 in Q2 2025.
Marin’s single-family median reached $1.865 million, up 3% year over year, with 711 closed sales.
In Marin, 76% of Q2 single-family sales entered contract within 30 days, while slower listings realized materially different sale-to-list outcomes.

What it means

Accurate initial positioning and launch condition matter because the market is rewarding homes that establish demand early.
San Francisco’s combined citywide figure should not be applied to one property; single-family, condo, neighborhood, and block-level markets can diverge.
Marin’s countywide result also masks town-by-town differences, so a useful value range still begins with like-for-like local sales.
These figures are a dated market snapshot, not an appraisal, guarantee, or substitute for a comparative market analysis.

Sources

Where the figures came from.

Figures are compiled from sources deemed reliable and reviewed before publication, but have not been independently audited. Market conditions change, methodologies differ, and citywide or countywide results do not establish an individual property's value. This is information, not an appraisal, guarantee, or solicitation of a currently listed property.

Bring the address

The useful number starts with the home, not the county.

Start the valuation