San Francisco's population is 4.7M, with a total workforce of 2.4M. The labor market grew by 49,400 jobs over the past year, up by 2.1%. The median household income in San Francisco is $100,426, 3.9% higher than last year and 63.6% above the national average of $61,372. In the housing market, total permits issued totaled 16,918 over the last twelve months, down 1.7% year-over-year.
San Francisco has 147 active new home projects on the market, 10.9% fewer than the 165 from last year. The average list price in the market is $1,084,695, 1.8% higher than last year and 239.0% above the national average. Over the last three months, new home contracts decreased by 46.2% to 839. Fremont and Dublin had the highest concentration of the new home contracts in the San Francisco market.