It's a great time to sell. Inventory is at an all time low and prices are rapidly appreciating. Multiple offers are offers over the asking price are common. The SF unemployment rate is low and many of our residents are directly benefiting from the strong stock market. This means buyers have money to spend. According to the SF Association of Realtors, about 30% of purchases are being made all cash.
If you're a buyer, you need to be aggressive with your price and terms (financing and inspections), make sure you're fully pre-approved with a local lender, and have at least 20% for down payment. Interest rates just dropped again this week and there are some amazing properties on the market (just not a lot of them), so it's a pretty good time to buy, too. It's not impossible to get into the market right now, but it can be frustrating and will likely require writing multiple offers to get a property.