AI IPOs Fuel Bay Area Housing Surge: SF Median Reaches $2.2M

Summer 2026 IPOs from OpenAI and Anthropic turned employee equity into spendable cash now flooding Bay Area housing. San Francisco County's median home price climbed from $1.8M to $2.2M year-over-year through May 2026. Over 140 SF homes sold at least $1M above asking in early 2026. A Compass analysis linked demand to AI employment hubs.