AI IPO Wealth Reshapes Bay Area Housing: SF Median Hits $2.2M

OpenAI and Anthropic filed for IPOs in summer 2026, converting employee equity into liquid capital now flowing into Bay Area housing. San Francisco County's median home price rose from $1.8M to $2.2M year-over-year through May 2026, while over 140 SF homes sold at least $1M above asking in the first half of 2026. A Compass analysis found demand concentrated near AI employment centers.