I follow economics daily, I find it fascinating to learn the market activity on a global, national and local level. So when asked about how the real estate market is doing, I take the perspective of macro and micro based. When it comes to San Francisco I would say the same, it depends on what part of the market you are looking at? Condos, single family homes, investment property? All these market are different and preforms different at certain times. For instance the SFR market is booming around $1-1.5M right now, but the condo market in South Beach is a little slower at the higher price points. Then it comes to location and even what specific building we are discussing, it is never just an quick and dirty answer as you need to know what specific part of the market you want to discuss.