San Francisco s population is 4.7M, with a total workforce of 2.5M. The labor market grew by 53,200 jobs over the past year, up by 2.2%. The median household income in San Francisco is $111,577, 3.4% higher than last year and 76.6% above the national average of $63,179.
In the housing market, total permits issued totaled 12,820 over the last twelve months, down -26.1% year-over-year. San Francisco has 140 active new home projects on the market, 12.5% fewer than the 160 from last year. The average list price in the market is $1,066,685, 9.9% lower than last year and 206.3% above the national average. Over the last three months, new home contracts increased by 47.7% to 1,072. San Francisco and Fremont had the highest concentration of the new home contracts in the San Francisco market.
