The Bay Area housing market remains strong, with significant year-over-year increases in median sold prices, reaching $1,386,500 in March 2024. Despite a 5.4% decline in sales compared to last year, a 31.7% month-over-month increase indicates robust buyer activity. Regional trends show varying price increases across counties, with Marin County experiencing a 22.3% rise. The market is slightly favoring sellers, but experts predict continued appreciation in home values, supported by strong economic fundamentals and limited housing supply.
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