San Francisco housing prices reach a record high of $2.15 million, with the AI startup boom fueling the real estate market.

Real estate agency Compass reported that the median home price in San Francisco rose to a record $2.15 million in March, an 18% increase year-over-year. The wealth created by artificial intelligence startups has flooded into this city, driving up housing prices. Compass pointed out in its report that apartment prices also surged, with a 27% increase to $1.36 million, just slightly below the peak of $1.375 million in April 2022. In contrast, data tracked by Zillow Group Inc. showed that home prices in the United States only rose by 0.8% in March.