Forecasting

In June 2025, San Francisco’s residential median sale price was about $1.5 million, up roughly 2–8% year over year. Housing supply remained extremely tight, with about 1.8 months of supply for single-family homes and 3.8 months for condos in May 2025. June

In Q1 2025, Philadelphia’s median home price was about $210,000, up 2.1% year over year, with quarterly price growth of 0.4%. Active listings were 4,107 in early 2025, roughly 32% below typical levels and about 46% below 2019 pre-pandemic levels. Mortgage rates