San Francisco's housing market is entering a full scale correction (2025 supply explosion)

From Reventure App Data

This episode argues that the San Francisco Bay Area housing market is already in a steady correction, with inventory more than doubling over two years to its highest level in nearly a decade and home values down about 8% from their 2022 peak. The host breaks down the pressure points: 7% mortgage rates paired with a median price around $1.2 million have crushed buyer demand, pushing sellers to cut prices or list lower. Listeners looking to buy, sell, or invest will find county-by-county price ...

Key Takeaways

  • Bay Area inventory has more than doubled in two years to over 7,000 homes, the highest in nearly a decade.
  • Demand has collapsed: April 2025 home sales ran about 40% below the 2021 pandemic peak, with 7% mortgage rates doing the damage.
  • Sellers are quietly cutting prices, but many still list high, so 'cheaper' doesn't mean affordable in San Francisco.
  • San Francisco County values are down 14.5% since mid-2022, while the metro overall has dropped 8.1% from its peak.
  • Buyers finally have leverage, but they should tread carefully, since falling prices can still catch them mid-slide.

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