San Francisco Real Estate Goes All-In on IPO Season
TL;DR Summary
San Francisco’s housing market is in a hyper-bidding phase, with 144 homes selling for at least $1 million over asking in the first half of 2026 and May averages about 25% over asking, as buyers rush to secure properties ahead of AI/tech IPOs and lockups. Limited inventory, rising rents, and strong demand in luxury and downtown condos show the market heat shifting from Silicon Valley to San Francisco.
- San Francisco homes selling $1M+ over asking have surged 1,700% this year The San Francisco Standard
- ‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom The Guardian
- S.F.’s housing market is so hot buyers are offering $1 million over asking San Francisco Chronicle
- Converting vacant office buildings into housing KTVU
- In San Francisco, Even $180,000 Tech Salaries Are No Longer Enough The New York Times
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