Compare Listings

San Francisco Bay Area Market September 2020 Update

San Francisco Bay Area Market September 2020 Update
San Francisco Bay Area Market September 2020 Update

We are set to expect a warmer than normal winter for the real estate market. Traditionally, real estate activities in the November, December and January months are about 1/4 of the normal months. This year is different. Based on the September and the other forward looking indicator, we expecting the winter months to have 50%-60% more listings than previous year. If you are in the market this winter, you will have more inventory to choose from. Okay. that’s the supply side of the story.

On the demand side, we also expect few people are traveling with fewer holiday activities to do, unless you count Zoom meeting as holiday activities. What would these people do? Chances are, if they thought about buying a home, they would also go out to look at properties. For home buyers look for winter deals, I’m afraid you will notice more buyer competition than 2019 winter. Price-wise, we will probably see 13-18% price increase compare to 2019.

Facebook Comments
img

Lex Shan

Lex is a real estate broker, real estate developer, entrepreneur and technologist. He has started an architectural design firm, real estate development private equity fund and California's largest real estate 3D marketing company.

    Related posts

    San Francisco Bay Area Market April 2021 Update

    If you are in the market for a home in the bay area, you are definitely one of the better offs. As...

    Continue reading
    by Lex Shan

    The Bay Area Real Estate Demand Surges as COVID-19 Eases

    Spring season is the time for families to hunt for a home of their dreams, bid, and purchase...

    Continue reading
    Lex Shan
    by Lex Shan

    San Francisco Bay Area Market March 2021 Update

    San Francisco Bay Area Market March 2021 Update With the daylight saving spring forward and the...

    Continue reading
    Lex Shan
    by Lex Shan

    Join The Discussion

    5 Secrets to Sell Your Home for $30k to $100k More

    Only top 1% real estate agents are using these techniques to sell homes. Today they are available to you too!

    • Proven techniques
    • Not Available Elsewhere
    • Act On Them Today
    Sign up to learn the secrets!
    x