Bay Area

San Francisco's population is 4.7M, with a total workforce of 2.5M. The labor market grew by 16,700 jobs over the past year, up by 0.7%. The median household income in San Francisco is $111,700, 3.5% higher than last year and 76.8% above the national average of $63,179.In the housing market, total permits issued totaled 12,192 over the last twelve months, down -24.2% year-over-year. San Francisco has 140 active new home projects on the market, 13.0% fewer than the 161 from last year. The average list price in the market is $828,842, 29.4% lower than last year and 157.9% above the national average. Over the last three months, new home contracts increased by 7.8% to 1,042. Dublin and San Francisco had the highest concentration of the new home contracts in the San Francisco market.