The Bay Area housing market is cooling, with home sales down 8.2% year-over-year and prices declining in most counties. Inventory has risen nearly 50%, increasing buyer options and negotiation power. Median days on market have also increased, signaling a shift from a seller's to a buyer's market. Economic uncertainty, high mortgage rates, and tech sector performance continue to influence trends, suggesting a cautious outlook ahead.
Continue to full article
Leave a Reply