Bay Area real estate markets began 2018 on a familiar note, with supply constraints pushing up home prices and forcing more buyers to inland counties.
Tag Archive: months’ supply of inventory
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.
There were fewer homes for sale in all of Pacific Union's Bay Area regions this November than there were one year ago. Get all of the latest market data you need to support your homebuying or selling decision in our latest monthly real estate update.
The median sales price rose year over year in October in all Bay Area regions in which Pacific Union operates, the result of continued buyer demand amid tight supply conditions. Stay current with the latest local real estate market conditions in Pacific Union's October Real Estate Update.
Despite fewer properties on the market than there were at the same time last year, California home sales increased modestly in September. Here in the Bay Area, which has the state's most severe inventory drought, the opposite held true, as sales dropped throughout much of the region.
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.
Supply conditions remained tight across the Bay Area in August, with only Marin County seeing a slight inventory improvement from July. Get all the latest market statistics in Pacific Union's August Real Estate Update.
The Bay Area's prolonged inventory drought again pushed prices higher last month, with more appreciation forecast throughout the second half of 2017.
Homes in all of Pacific Union's Bay Area regions saw year-over-year price appreciation in July, ranging from 1 percent in Marin County to 35 percent in Sonoma Valley. Stay up to date on the most current market conditions with Pacific Union's July Real Estate Update.
Sign Up for Daily Blog Updates
Receive daily blog posts from Pacific Union in your inbox.
Sign up for Monthly Market Updates
Receive monthly real estate news from Pacific Union in your inbox.