Tag: Real Estate Market

See the metrics for Bay Area real estate during March 2020 compared to February.

Take a look at the data for real estate in Seattle, Bellevue, Kirkland, and Redmond in March 2020.

The short story: Homes are selling slower with social distancing.

The short story: While homes are still selling, we’re seeing the impact of social distancing as sales slow down, with median days on market just about doubling.

Competition is still the norm in the Bay! Buyers should be prepared to act fast and see list price as a starting point.

Combined with still-low inventory, faster sales and sale prices frequently going over list mean buyers are more likely to compete for homes.

Year over year, single-family homes in SF are spending on average nearly 52% fewer days on the market compared to January 2019. Likewise, San Jose single-family homes sold nearly 53% faster YoY.