Despite the state's thin supply of housing, wage growth helped boost affordability ever-so slightly in the first quarter, while there was little relief to be found for Bay Area home shoppers.
Tag Archive: median sales price
The Golden State's median home price climbed to a height not seen since the previous housing boom in April and is likely to keep rising, further squeezing already tight affordability conditions for the rest of the year.
Bay Area real estate markets are having a strong spring showing, as April's median sales price for single-family homes set or tied a one-year high in Contra Costa County, the East Bay, Marin County, Napa County, San Francisco, and Silicon Valley. Stay up to date on the latest market statistics of note with Pacific Union's April Real Estate Update.
U.S. home sellers pulled in the biggest gains in nearly a decade in the first quarter of 2017, with Bay Area and California markets leading the pack.
Sales volume in the Bay Area saw a bigger-than-usual spike from February to March, promising a strong spring season. Pacific Union Chief Economist Selma Hepp examines the latest trends across the region and in individual counties.
April 18, 2017 • Posted in Pacific Union Quarterly Reports
The median home sales price increased in all of Pacific Union's regions on an annual basis in the first quarter of 2017. Get the latest market statistics, plus commentary from Pacific Union Chief Economist Selma Hepp, in our first-quarter real estate report.
April 11, 2017 • Posted in Home Price Conditions
Home prices in San Francisco, San Mateo, and Santa Clara counties are now more than 20 percent higher than their former peaks, but prices in other counties haven't fully rebounded yet.
March 16, 2017 • Posted in Home Price Conditions
A limited number of homes for sale helped push prices higher both statewide and locally last month, though the tight supply conditions could put a damper on the traditionally busy spring season.
As in January, Bay Area home sales declined year over year in February, although recent open-house activity in one local county suggests another busy spring. Pacific Union Chief Economist Selma Hepp has an expert, in-depth analysis of the latest real estate statistics in a new Straight Talk column.
February 22, 2017 • Posted in Market Conditions
California home sales got a boost in the inaugural month of 2017, while the number of transactions trended lower here in the Bay Area -- particularly in the more expensive counties.
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