Michelle Kim | June 11, 2024
Since the start of 2023, single-family home inventory has followed fairly typical seasonal trends, but at significantly depressed levels. Low inventory and fewer new listings have slowed the market considerably. Typically, inventory peaks in July or August and declines through December or January, but the lack of new listings prevented meaningful inventory growth. New listings have been exceptionally low, so the little inventory growth in 2023 was driven by softening demand. In December 2023, inventory and sales dropped. However, more new listings have come to the market in 2024, which has driven the significant increase in sales so far this year. The market is already looking healthier, and we expect more new listings and sales in Q2 2024.
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Michelle Kim | August 28, 2024
Quick Take: The median single-family home prices are still near their record highs. We expected price contraction after peaking in the second quarter, which is the sea… Read more
Michelle Kim | August 28, 2024
Quick Take: The median single-family home prices are still near their record highs, and Napa prices reached an all-time high in July. We expected price contraction aft… Read more
Michelle Kim | August 28, 2024
Quick Take: Median home prices are slightly below peak levels across the East Bay. We expected price contraction after peaking in the second quarter, which is the seas… Read more
Michelle Kim | August 28, 2024
Quick Take: Median home prices are slightly below peak levels across Silicon Valley. We expected price contraction after peaking in the second quarter, which is the se… Read more
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