Stubbornly low supply conditions did not improve in California or the Bay Area on an annual basis in November, pushing prices up by double-digit percentage points in six local counties.
Home Sales Volume & Inventory Conditions
The number of homes for sale declined statewide and in every Bay Area county from one year earlier -- particularly entry-level properties -- keeping prices at a 10-year high.
Pending home sales activity continued to decline in both California and the Bay Area last month, with tight inventory conditions once again the culprit.
April 20, 2017 • Posted in Home Sales Volume & Inventory Conditions
After a particularly rainy January and February, Bay Area home sales jumped in March as the region dried out a bit, although low inventory and the consequent affordability conditions are likely to stifle activity as the year progresses.
March 23, 2017 • Posted in Home Sales Volume & Inventory Conditions
Pending home sales dropped statewide and in the Bay Area in February due to an all-too-familiar culprit: extremely tight inventory.
Pacific Union Chief Economist Selma Hepp examines January home sales volume activity and inventory across the Bay Area and finds noticeable differences between individual markets.
December 20, 2016 • Posted in Home Sales Volume & Inventory Conditions
Home shoppers across major California regions -- including the Bay Area -- were quite active in November, boosting annual sales volumes by double-digit percentage points.
August 18, 2016 • Posted in Home Sales Volume & Inventory Conditions
Although inventory shortages remain an obstacle for Bay Area home shoppers, the crunch eased somewhat this summer, while yearly price appreciation slowed.
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