On February 2026, Charlie Brown SF real estate released its latest MarketTracker report highlighting significant changes in the Bay Area housing market.
The report shows that housing became more affordable year-over-year in December, with falling interest rates contributing to lower median monthly principal and interest payments. Despite these changes, median home sale prices remain similar to last year’s levels.
According to Charlie Brown SF real estate, “Rates continue to fall, as lending markets price in lower long-term interest rates. Inventory and sale metrics are roughly in line with what we were seeing around this time last year.” The average 30-year mortgage rate was reported at 6.15% at the beginning of December and has continued to decrease since then. The median homeowner is now paying $2,023 per month on their mortgage, down 5.02% from $2,130 a year ago.
The report also notes that single-family home prices have surged in San Francisco and Marin County, with year-over-year gains exceeding 16% and 19%, respectively. In contrast, some areas such as Santa Clara County experienced modest declines. Inventory levels have dropped sharply across the region; for example, North Bay single-family home inventory fell by over 45% compared to last year.
Condos are taking longer to sell while single-family homes are selling quickly. In San Francisco, the average single-family home sells in just 13 days—a decrease of nearly 57% from last January—while condos in Santa Clara County spend an average of 55 days on the market.
The Bay Area remains predominantly a seller’s market heading into spring. Most counties have less than two months of supply for single-family homes, well below California’s historical average of three months. With low inventory and the busy season approaching, sellers are expected to maintain a strong position in upcoming months.
