‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom

Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarce San Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for. A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone. Continue reading...

Sanya Mansoor · Tue, Jul 7, 2026, 3:33 PM
US news | The Guardian

‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom

Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarce

San Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for.

A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone.

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