The economy is showing a mix of steady improvement and lingering caution, with strong stock markets, easing mortgage rates, and consumer confidence still finding its footing. In San Francisco, buyer activity has been gaining momentum—more homes are going into contract, price cuts are down, and a growing share of properties are selling over list.

Though the market typically cools from mid-November to mid-January, well-priced homes can still perform, and this season often gives buyers more room to negotiate on earlier listings.