The Bay Area housing market is currently experiencing mixed trends. As of January 2025, the median home price is $1,125,000, up 2.3% year-over-year, but sales have declined significantly due to affordability issues and high mortgage rates. Marin County saw the largest price drop, while Santa Clara County experienced the highest gain. Factors influencing the market include rising mortgage rates, low inventory, and economic uncertainty. Predictions suggest a gradual cooling rather than a crash, with stability expected in the near future.
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