Luxury highrise condos and apartments have been showing weakness all year due to oversupply. Deeded land single detached homes (where the strongest coalitions o

Luxury highrise condos and apartments have been showing weakness all year due to oversupply. Deeded land single detached homes (where the strongest coalitions of SF NIMBY lobbies reside) are still very supply constrained and are still very strong wrt price. This is the source of the discrepancy you're talking about. Source: friend who's been in Bay Area real estate for over a decade.