“The surprisingly quick recovery [of the housing market] suggests that the residential real-estate downturn is turning out to be shorter and shallower than many housing economists expected af...
Generally speaking, the market slowed in July, a common seasonal trend, and August is usually one of the quietest months of the year though last year, a sudden, but short-lived drop in interest rat...
Underlying market and economic dynamics in 2023 have been a mixed bag of often contrary and volatile factors – including downward-trending inflation; interest rates bouncing between 6% and 7%...
Recapping the Spring 2023 Market. Median home sales prices have begun to recover from mid-winter lows, though remaining far below peak prices hit in spring 2022.
The...
Looking at the overall Bay Area, buyer demand has continued to rebound from its late 2022 nadir. Though mortgage applications are still well down year over year, many buyers have accepted higher in...
The Market Continues to Recover, But with Many Dynamics at Play. Buyer demand continued to rebound from the depths of the mid-winter slowdown: The number and percentage of listings going into contr...
2023 Market Indicators Turn Positive (But Interest Rates Climb Again). After the acute decline in market activity occurring in the 2nd half of 2022, buyer demand rebounded dramatically and most mar...
Early 2023 Data Suggests Buyers Are Beginning to Jump Back In. December is typically the month that sees the year’s lowest level of deal-making activity – i.e. listings accepting offers...
In 2022, the market saw a dramatic shift from Q2 (spring), at which time the market peaked after a dramatic 10-year upcycle supercharged at its end by the pandemic boom, through the 2nd half of the...
The changes in market dynamics that began in late spring/early summer 2022 generally continued in autumn due to the ongoing economic headwinds, including high inflation and interest rates, reduced ...
After a brief rebound in market activity in August, pursuant to what turned out to be a very temporary decline in interest rates and an associated rebound in financial markets, macroeconomic condit...
Virtually across the Bay Area, Q3 median sales prices retreated dramatically from their spring peaks, and SF was hit harder than most area markets. Part of this was due to seasonal trends – media...
In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of i...
Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic changes in demand, inventory, overbidding, price reductions, and year-over-year appreciation ra...
Leaning into market headwinds, year-over-year appreciation rate falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, f...
Sales are declining, and the numbers of active listing and price reductions are increasing. But the homes that are selling are still, on average, selling for well over asking: Median sales prices ...
In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 week...
Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of ho...
So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events.
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2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appre...