San Francisco, CA (Metro) - Trend of Market Heat Index for All Homes (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the Market Heat Index for All Homes in the San Francisco, CA Metro in February 2026 was 120. The month over month percentage change (MoM) was 4.35%, and the year over year percentage change (YoY) was 10.09%.

The chart below shows the trend of the market heat index for the San Francisco, CA metro. The table below shows the trend of the market heat index, and the MoM and YoY percentage changes for the San Francisco, CA metro.

You can see similar information for other US metros, and for the United States.

Note: The Market Heat Index is a time series that captures the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes.

Data Source: Zillow.
San Francisco, CA (Metro) - Trend of Market Heat Index for All Homes
San Francisco, CA (Metro) - Trend of Market Heat Index for All Homes
1 – 10 of 98
Month Market Heat Index MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2018 125 NaN NaN
Feb 2018 107 -14.40 NaN
Mar 2018 96 -10.28 NaN
Apr 2018 100 4.17 NaN
May 2018 99 -1.00 NaN
Jun 2018 91 -8.08 NaN
Jul 2018 86 -5.49 NaN
Aug 2018 80 -6.98 NaN
Sep 2018 69 -13.75 NaN
Oct 2018 56 -18.84 NaN
Nov 2018 55 -1.79 NaN
Dec 2018 72 30.91 NaN
Jan 2019 92 27.78 -26.40
Feb 2019 101 9.78 -5.61
Mar 2019 94 -6.93 -2.08
Apr 2019 87 -7.45 -13.00
May 2019 75 -13.79 -24.24
Jun 2019 75 0.00 -17.58
Jul 2019 79 5.33 -8.14
Aug 2019 84 6.33 5.00
Sep 2019 79 -5.95 14.49
Oct 2019 77 -2.53 37.50
Nov 2019 84 9.09 52.73
Dec 2019 118 40.48 63.89
Jan 2020 146 23.73 58.70
Feb 2020 142 -2.74 40.59
Mar 2020 124 -12.68 31.92
Apr 2020 132 6.45 51.72
May 2020 149 12.88 98.67
Jun 2020 152 2.01 102.67
Jul 2020 151 -0.66 91.14
Aug 2020 144 -4.64 71.43
Sep 2020 128 -11.11 62.03
Oct 2020 114 -10.94 48.05
Nov 2020 117 2.63 39.29
Dec 2020 159 35.90 34.75
Jan 2021 190 19.50 30.14
Feb 2021 192 1.05 35.21
Mar 2021 169 -11.98 36.29
Apr 2021 163 -3.55 23.49
May 2021 149 -8.59 0.00
Jun 2021 132 -11.41 -13.16
Jul 2021 119 -9.85 -21.19
Aug 2021 114 -4.20 -20.83
Sep 2021 105 -7.89 -17.97
Oct 2021 106 0.95 -7.02
Nov 2021 118 11.32 0.86
Dec 2021 168 42.37 5.66
Jan 2022 189 12.50 -0.53
Feb 2022 174 -7.94 -9.37
Mar 2022 130 -25.29 -23.08
Apr 2022 116 -10.77 -28.83
May 2022 92 -20.69 -38.26
Jun 2022 72 -21.74 -45.45
Jul 2022 67 -6.94 -43.70
Aug 2022 71 5.97 -37.72
Sep 2022 65 -8.45 -38.09
Oct 2022 55 -15.38 -48.11
Nov 2022 57 3.64 -51.69
Dec 2022 87 52.63 -48.21
Jan 2023 122 40.23 -35.45
Feb 2023 139 13.93 -20.11
Mar 2023 136 -2.16 4.62
Apr 2023 125 -8.09 7.76
May 2023 119 -4.80 29.35
Jun 2023 113 -5.04 56.94
Jul 2023 110 -2.65 64.18
Aug 2023 100 -9.09 40.85
Sep 2023 88 -12.00 35.39
Oct 2023 79 -10.23 43.64
Nov 2023 87 10.13 52.63
Dec 2023 125 43.68 43.68
Jan 2024 148 18.40 21.31
Feb 2024 147 -0.68 5.76
Mar 2024 127 -13.60 -6.62
Apr 2024 110 -13.39 -12.00
May 2024 92 -16.36 -22.69
Jun 2024 85 -7.61 -24.78
Jul 2024 84 -1.18 -23.64
Aug 2024 80 -4.76 -20.00
Sep 2024 74 -7.50 -15.91
Oct 2024 70 -5.40 -11.39
Nov 2024 81 15.71 -6.90
Dec 2024 106 30.86 -15.20
Jan 2025 118 11.32 -20.27
Feb 2025 109 -7.63 -25.85
Mar 2025 90 -17.43 -29.13
Apr 2025 81 -10.00 -26.36
May 2025 71 -12.35 -22.83
Jun 2025 70 -1.41 -17.65
Jul 2025 76 8.57 -9.52
Aug 2025 81 6.58 1.25
Sep 2025 74 -8.64 0.00
Oct 2025 70 -5.40 0.00
Nov 2025 71 1.43 -12.35
Dec 2025 97 36.62 -8.49
Jan 2026 115 18.56 -2.54
Feb 2026 120 4.35 10.09