Posted on 04/19/2026 9:37:03 AM PDT by millenial4freedom
The median home sale price in the San Francisco metropolitan area jumped 14.4% year over year in March to a record $1.7 million. That’s the largest increase since March 2018 and the biggest gain among the 50 most populous U.S. metro areas.
Condo prices in San Francisco rose particularly quickly, posting a 24.4% year-over-year increase last month—the largest since 2013.
San Francisco’s housing market has been heating up as a boom in the artificial intelligence industry and a return to the office have coincided with a lack of inventory.
“A lot of 22-year-olds are getting $500,000 signing bonuses from AI companies, and they’re excited to buy homes,” said local Redfin Premier real estate agent Ali Mafi. “Inventory isn’t keeping up—sellers have been hearing that if they wait to sell, they’ll get a better deal. But suddenly, the time to sell is now. We’re seeing quality homes in desirable areas get 20 offers and go for as much as $900,000 over the asking price.”
Mafi said sellers should still make sure their homes are in tip-top shape before going to market (cleaning, staging, painting, etc.). Oftentimes, a $20,000 investment there can turn into $100,000 because it helps the home sell for a higher price—especially when demand is so strong, he noted.
Thanks to last month’s price jump, San Francisco has reclaimed its title as the major U.S. metro with the highest home prices, eclipsing neighboring San Jose, which held that title for much of 2024 and 2025.
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Electing a new mayor is what did it.
Why would AI companies be paying 22-year-olds $500,000 in signing bonuses?
Yea I hear its still bad.
.
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