San Francisco Home Prices, Market Conditions & Trends May 2022

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 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/April jumps, buyers highly motivated to buy before their interest rate locks expired, adding short-term pressure to demand.

 

The post San Francisco Home Prices, Market Conditions & Trends May 2022 first appeared on Paragon Specific.

San Francisco Home Prices, Market Conditions & Trends February 2022

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 appreciation trends, reflected this severe imbalance. As is the normal seasonal trend, listing and offer activity dropped substantially mid-November through early January, resulting in very low sales volume in the year’s first month.

The post San Francisco Home Prices, Market Conditions & Trends February 2022 first appeared on Paragon Specific.

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