San Francisco Bay Area Real Estate Market & Investment 2021

DECEMBER 29, 2020 BY MARCO SANTARELLI

This article has been updated to reflect the most common housing indicators and trends in the San Francisco Bay Area housing market. Motivated home buyers drove prices and sales up in November in a tight housing market. These trends are defying the usual slowdown that hits the real estate market in this season. However, regionally, almost all the counties did see a drop in sales as compared to October — the beginning of the slowdown of sales for the next few months.

Although year-over-year sales growth has rebounded in all nine counties the sales are expected to slow down by a great extent in the coming months until the Spring of 2021, which is going to be the peak buying season. One big indicator of that is a drop in pending sales month-to-month. Pending sales in the California housing market (overall) have dropped by double-digits (18.2% MTM) for the first time in seven months, according to the California Association of Realtors. READ MORE…