Home prices are up across the Bay Area as inventory plunges to its lowest level in decades and sales fall. Median home price averages from the last three months were up across all 11 bay area counties, though still below peak pricing from last spring with fewer potential sellers interested in entering the market.
With high interest rates creating less than ideal conditions for both buyers and sellers, the market is naturally cooling — but a housing crash remains highly unlikely. Things may be shifting and course-correcting somewhat, but it’s not drastic.
Are you thinking about making your next move?
#MarketMonday #SkeochGroup #eastbayrealestate
