Bay Area housing market achieves balance.
The Bay Area housing market is shifting to a more balanced market, with inventory at a historic low and prices buoyed due to reduced supply. New listings are 34% lower than in 2019, and overall inventory is down 22.6% from 2022. Interest rates exceeding 6.5% make it unlikely that the market will change drastically either way anytime soon. For potential Bay Area buyers who still want to figure out a way to buy a home, there are some more “creative” financing options.
