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Story summary
- The AI boom and OpenAI and Anthropic IPOs have driven overbidding, causing more than 140 San Francisco homes to sell at least $1 million above asking price in first half of 2026.
- Median single-family home prices rose 17% to $2.2 million while inventory fell 45%.
- Homes now sell in 18 days, the fastest in five years.
- Redfin chief economist Daryl Fairweather said other tech hubs lack overbidding despite a 10% price increase in April.
