Bay Area Realty Services

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Bay Area Home prices stabilizing despite a 22-year high for mortgage rates and an unseasonal rise in inventory -
09/20/2023

Bay Area Home prices stabilizing despite a 22-year high for mortgage rates and an unseasonal rise in inventory -

It’s been a cool summer so far, both literally and figuratively with our housing market, as inner Bay Area sales volume is down 11.3% month-to-month the past 30 days and 13.9% Year to Year, and the June Greater Bay Area home sales volume was down 19.4% Year to Year vs. June/2022

The Bay Area Housing market continues to rebound with a 4% Home Price Median increase in May -
06/22/2023

The Bay Area Housing market continues to rebound with a 4% Home Price Median increase in May -

As we wind up the Bay Area 2023 spring buying season, home sales have been strong recently and home prices continue to rebound significantly since the beginning of the year. The Bay Area Home Price Median was up in May for the 4th straight month, this time by 4%, rising to 1.3M from 1.25M in April.....

Bay Area Home Price Median up 1.8% in April and up a net 22.8% since January -
05/28/2023

Bay Area Home Price Median up 1.8% in April and up a net 22.8% since January -

Going into the final month of Spring, Bay Area Home Sales are still sluggish, but the Median Home price was up in April, for the 3rd straight month, although by just 1.8% (increasing from 1.228M to 1.25M). The 1.25M April figure is still down 16.7% Year to Year vs April/2022 when the median home pri...

Bay Area Median Home Price rebounds further with a 17% spike in March, despite a 35.5% Year to Year decrease in sales vo...
04/22/2023

Bay Area Median Home Price rebounds further with a 17% spike in March, despite a 35.5% Year to Year decrease in sales volume -

The Spring buying season is in full swing now and Greater Bay Area Sales volume saw a 60% surge in March, the kind of uptick we expect to see during this peak buying season. However, it was still lagging 35.5% behind March/2022 Sales Volume, a clear sign that we’re still in a down market relative ...

Greater Bay Area Median Home price rebounds in February with a 5% increase from 1M to 1.05M while Sales Volume also begi...
03/23/2023

Greater Bay Area Median Home price rebounds in February with a 5% increase from 1M to 1.05M while Sales Volume also begins to rebound -

Coming off of 4 straight months of decline, the Greater Bay Area Home Price median finally rebounded in February with a 5% Month to Month increase from 1M to 1.05M. Although that “was” still a 19.2% Year to Year Median Price “decline” vs February/2022 and still 30% lower than the peak reache...

The Bay Area Home Price Median drops to 1M in January, the lowest since March/2020 -
02/23/2023

The Bay Area Home Price Median drops to 1M in January, the lowest since March/2020 -

Confirming suspicion that we started 2023 in a continued down market, the Greater Bay Area Home price median dropped to 1M in January, a 7% Month to Month drop vs December, a 14.6% Year to Year drop vs January 2022, and a staggering 35% drop vs April/2022 when the home price median peaked at 1.54M

Greater Bay Area median home price drops 11.5% in December and 9.6% Year to Year -
01/26/2023

Greater Bay Area median home price drops 11.5% in December and 9.6% Year to Year -

Bay Area Home Sales volume dropped 10% in December, which was also a whopping 37.4% vs December 2021 The Greater Bay Area Home price median of $1,084,500 for December was a staggering 29.6% drop from the peak Home price median of 1.54M that we saw in April, very much confirming that we’re experien...

Bay Area Home Sales down 43% Year to Year in November as its Real Estate Market heads into 2023 with trepidation -
12/20/2022

Bay Area Home Sales down 43% Year to Year in November as its Real Estate Market heads into 2023 with trepidation -

Heading close to the new year now, Inner Bay Area Residential Sales volume is down 46% Year to Year the past 30 days and Greater Bay Area Home sales were down 43% Year to Year for November, continuing the recent 6 months trend of greatly reduced demand in our housing market

Bay Area home sales volume drops 37% year to year in October as prospective Buyers continue to struggle with higher mort...
11/22/2022

Bay Area home sales volume drops 37% year to year in October as prospective Buyers continue to struggle with higher mortgage rates -

The Bay Area Real Estate market continues to experience slowed activity and stagnant home values. The low October sales volume was not only a 37% Year to Year drop, but excluding the 3-month pandemic lockdown period in 2020, it was the lowest sales volume month since February 2008. Inner Bay Area Sa...

Bay Area home prices rebound slightly with a .5% increase in September, coming off of 4 straight months of declines -
10/24/2022

Bay Area home prices rebound slightly with a .5% increase in September, coming off of 4 straight months of declines -

Despite the overall downturn in the market since the Spring, Bay Area home prices may finally be stabilizing, having leveled off in a September with a slight (.5%) Month to Month increase in Sales Price Median after 4 straight months of declines. Although the 1.256M September median was still a 2.6%...

The Bay Area Home price median continues to drop despite an August rebound in sales activity -
09/23/2022

The Bay Area Home price median continues to drop despite an August rebound in sales activity -

The Bay Area home price median dropped for the 4th straight month in August, to 1.25M, a 3.8% dip from 1.3M in July, which was also a 1.2% “Year to Year” dip vs August/2021, the 1st time we’ve seen a year to year decline in over a decade. Since April, the Bay Area home price median has now dro...

The Bay Area median home price drops for the 3rd straight month in July despite the leveling off of interest rates -
08/23/2022

The Bay Area median home price drops for the 3rd straight month in July despite the leveling off of interest rates -

Mortgage rates have dropped over .5 Pt since a peak hit in mid-June and inflation seems to be under control, but home sales continue to lag and the Bay Area median home price dropped for the 3rd straight month in July. The Bay Area median dropped 7% in July vs June (from 1.4M to 1.3M). Although that...

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