Bay Area Homes Sales Statistics Bay Area Housing Market Bay Area Market Update Housing Market

https://youtu.be/aoD3oRJGQtY Here is some of the information Lex is referring...

Hey there, fellow real estate enthusiasts! As the sun shines bright and the summer vibes hit full swing, it's time to dive into the latest buzz in the San Francisco Bay Area real estate market for June 2023! Like summer vacations and parties, the market has been quite the rollercoaster ride with a mix of price movements compared to the previous month and last year. Hang tight as we break it down with a...

Watch Lex Shan's Insight video about the Bay Area's March 2023 real estate market. Here is the data that Lex...

Watch Lex Shan's Insight video about the Bay Area's real estate market.     Here is the data that Lex...

Exciting development and good news for home buyers. Watch this video by Lex Shan. You will get a better grasp of the current Market. And to stay updated, read our...

California leads the nation Our state is leading the nation again! The state enacted legislation banning the sale of gas-powered cars and trucks after 2035. The motivation of this law is to reduce the emission of gasses that contribute to climate change.  We expect many other states to follow California in this monumental change. The implications for supply chains, retail commerce, and housing...

A new normal It's undeniable that the real estate market has been through a very abnormal period since the pandemic started. The graph below shows the % change in pending sales every month from Jan 2018 to Aug 2022. You see a big dip in April of 2020 when the stay-at-home order was implemented. You also see the pending sales dwindling as the interest rate started to rise in 2022. The Bay Area...

July is the first month in the recent ten years when all counties median home prices dropped compared to the previous month. In June's data, Solano was the only one that managed to maintain a 1.5% gain Is the economy in recession? The technical answer is yes. It's a widely accepted standard that when the GPD shrinks for two consecutive quarters, it's considered a recession. Why? Why? The answer has...

The tide is turning. It's becoming more apparent that the seller's market will turn into a buyer's market for the foreseeable months in 2022. June is the 2nd consecutive month where month-over-month sale prices dropped across almost all counties in the bay area. As more media coverage about the home price dropping, more sellers will go into this panic mode and want to put their homes on the...

Let's quickly go over April's monthly data. Home prices continue to go up as the Spring real estate season kicks into full gear. San Mateo County, as usual, continues to lead the price scoreboard. On the other hand, Marin County had the highest percentage increase compared to the previous year. In the last month's post, we explained that the effect of the interest rate jump will not show up in the...