San Francisco High-Tier Home Price Index 2026

The latest published San Francisco high-tier home price index is 357.5067181546 index points for 2026-05-01, compared with 358.0054132822 in the preceding observation. The series is seasonally adjusted and uses January 2000 as its index base. This report asks: Did San Francisco's premium index stabilize after a shallow spring slide?

San Francisco's five observations show a small February high followed by three lower readings. The index moved from 360.3707025405 points in January 2026 to 360.7134136664 in February, then fell to 357.5067181546 by May. May was 2.8639843858 points below February, a decline of about 0.79%, while it was 2.8639843859 points below January. The measured change is modest, but its direction differs from a simple recovery story.

High point versus closing point

The denominator here is the February high, not the national market and not a San Francisco asking-price average. Three successive declines after that point indicate a need to inspect the underlying local evidence, but the series alone cannot distinguish changes in neighborhood mix, property quality, or transaction selection.

Guidance for scarce urban stock

A seller of a renovated view property should lead with its own comparable set and explain why it differs from the metro trajectory. A buyer can use the softening sequence to test renovation, transit, and seismic assumptions rather than assuming a citywide discount applies to every block. An investor should stress an exit against building quality and buyer pool; the index offers no measure of equity-funded demand or property-specific resilience.

Measurement boundary

SFXRHTSA is a seasonally adjusted high-tier repeat-sales index for the San Francisco metropolitan geography. It omits listing exposure, construction condition, seismic retrofit status, and exact neighborhood attribution. The source rows were downloaded from FRED on 2026-08-10 and preserved at reported precision; later revisions and sample coverage are material limits.

Real Estate Luxury's San Francisco desk examines whether a shallow spring slide stabilized or continued.

Latest measured observations

Data sources and references

1. San Francisco high-tier series
2. FRED release table for tiered indexes
3. S&P Cotality index overview
4. FRED help and data download guidance
5. FHFA house price index datasets
6. FHFA HPI methodology and FAQ
7. U.S. Census construction data
8. Federal Reserve data
9. NAR research and statistics
10. HUD housing data

Research use

For San Francisco, use the sequence to focus neighborhood, retrofit, condition, and buyer-pool research before valuation.