Bay Area Housing Market Update
August 2026
Overall Market
Median Price | Alameda, Contra Costa, Marin, San Francisco, San Mateo, Santa Clara Counties | Overall
Single Family
Townhouse
Condo
By Submarket
Median Price | By Submarket (Single Family, Condo & Townhouse Combined) | Year-over-Year
New Listings
New Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 5,438 new listings last month vs 4,800 last year (+13.3%)
Biggest increase: Santa Clara (1,190 → 1,583) · Smallest increase: San Francisco (411 → 417)
Pending Listings
Pending Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 3,718 pending listings last month vs 3,832 last year (-3.0%)
Biggest increase: Marin (198 → 212) · Biggest decrease: Contra Costa (904 → 824)
Closed Listings
Closed Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 3,492 closings this month vs 3,673 last year (-4.9%)
Biggest increase: Marin (169 → 209) · Biggest decrease: Santa Clara (1,008 → 913)
Worth noting: Santa Clara's new listings jumped the most of any county this month (+393, up 33%) — yet closings there fell the most (1,008 → 913), a widening gap between new supply and completed sales.
Closings today reflect contracts from 30–45 days ago, so expect next month's closings to reflect this month's pending trend.
Months of Supply
Active to Close Ratio | By Property Type | Bay Area Overall
Single Family
2.1 mo — Neutral
Townhouse
3.0 mo — Neutral
Condo
3.3 mo — Buyer's Market
Months of Supply = Active ÷ Closed. The Bay Area follows a different pace than national norms: under 2 months is a seller's market, 2–3 months is neutral, and above 3 months is a buyer's market.
Pending Ratio
Pending Ratio (Pending ÷ Active) | By Property Type | Year-over-Year
Single Family: 52.0% (−1.4 pts) · Townhouse: 34.3% (−5.4 pts) · Condo: 32.9% (+4.3 pts)
Bay Area Market Type
| Ratio | Market Type |
|---|
| Under 15% | Buyer's Market |
| 15% – 30% | Balanced |
| 30% – 50% | Seller's Market |
| 50%+ | Hot Seller's Market |
Calculated using Active listings broken out by Single Family, Townhouse & Condo.
Overall Bay Area blended ratio (all types combined): 44.9% this August vs 44.8% last August (roughly flat, +0.04 pts).
Pending & Active by Property Type — Aug 2026
| Property Type | Pending | Active | Ratio |
|---|
| Single Family | 2,640 | 5,076 | 52.0% |
| Townhouse | 284 | 829 | 34.3% |
| Condo | 756 | 2,296 | 32.9% |
List-to-Sale Ratio
List-to-Sale Price Ratio (Sale Price ÷ Original List Price) | By Property Type | Year-over-Year
Single Family: 143.8% of ask* · Townhouse: 100.2% (avg +0.2%) · Condo: 98.8% (avg −1.2%)
Dashed line marks 100% (selling at exactly asking price). Above the line = selling over ask; below = selling at a discount off the original list price. *Single Family's 143.8% figure (and last year's 522.1%) comes directly from this month's MLS export and is well outside the normal range — flagged as a likely data entry issue upstream; shown here as reported, and chart below excludes it so Townhouse/Condo stay readable.
By County — Aug 2026
| County | Aug 2025 | Aug 2026 |
|---|
| Santa Clara | 100.1% | 100.5% |
| San Mateo | 2,869.4%* | 103.9% |
| San Francisco | 104.4% | 113.2% |
| Marin | 96.8% | 100.1% |
| Alameda | 101.3% | 105.2% |
| Contra Costa | 98.5% | 221.5%* |
All 6 counties now report this breakdown (all property types combined), not just two as last month. *San Mateo's Aug 2025 figure and Contra Costa's Aug 2026 figure are clear data entry errors in the source export — shown as reported, flagged for Spencer's MLS source before this goes out publicly. San Francisco continues to show the strongest premium over ask among counties with clean data.
Sales Volume
Total Dollar Volume Sold | Bay Area Overall | Year-over-Year
Overall: $5.76B this August vs $5.56B last August (+3.6%)
Home Sales Over $4M
175 this August vs 119 last August (+47.1%)
Home Sales Over $10M
16 this August vs 7 last August (+128.6%)