San Francisco Real Estate Goes All-In on IPO Season
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.