The changes in the housing 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 consumer confidence, and volatile stock markets, though all have fluctuated significantly over the period, and some readings have recently improved.
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 conditions shifted again [...]
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 – [...]
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 [...]
Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic demand, inventory, overbidding, price reductions, and year-over-year appreciation rates have usually occurred. Buying and selling continues: [...]
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, fears of recession – on Bay Area real estate [...]
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 [...]
As we slowly move into summer, the fog is starting to be more visible in Miraloma Park. Even so, the real estate activity in this area is still going strong. The sold price vs. list price [...]
