Clear Indications of Cooling Market Dynamics Sales are declining, and the numbers of active listings and price reductions are increasing. But the homes that are selling are still, on average, selling quickly for [...]
Other Compass reports: https://www.bayareamarketreports.com/ Many factors affect home values: quality of location, architectural style and curb appeal, square footage, condition, views, amenities, extra rooms, parking, decks and yards, privacy, lot size, and so on. [...]
Amid Dramatic Home-Price Gains to New Peaks, Preliminary Signs of Markets Shifting Cooler In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are [...]
Updated real estate data for Outer Richmond, San Francisco
Updated real estate data for Outer Sunset, San Francisco
Updated real estate data for NoPa, San Francisco
Updated real estate data for Westwood Highland, San Francisco
Updated real estate data for Diamond Heights, San Francisco
Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. However, as of March 31st, mortgage interest rates have skyrocketed 50% in 2022, with a particularly large jump in March.
So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. The prevailing dynamic remains one of strong buyer demand competing for an inadequate inventory of listings for sale.
