Redfin: San Francisco home sales rise 9% as AI wealth boosts demand
RDFN•San Francisco and Seattle housing markets diverge
Redfin flagged a sharp housing-market split between San Francisco and Seattle, tied to AI-driven wealth in the Bay Area.
- San Francisco July home sales rose 9% year over year; median sale price climbed 6% to USD 1.6 million.
- Seattle July home sales fell 9%; median sale price slipped 4% to USD 809,000, one of the largest declines among major metros.
- Supply tightened in San Francisco, with listings down 18% year over year; Seattle inventory rose 17%, the biggest increase nationally.
- Market balance diverged, with Seattle showing 65% more sellers than buyers; San Francisco showed 6% fewer sellers than buyers.
