March 2022
So far in 2022, the Bay Area real estate market appears primarily unfazed by higher interest rates and volatility in financial markets.
The prevailing dynamic remains one of solid buyer demand competing for an inadequate inventory of listings for sale. That is not to say there haven't been consumers negatively impacted. While some buyers and sellers have become more hesitant or paused their plans awaiting more clarity, it is certainly not enough to move the needle on the fundamentally very high demand/low inventory supply condition.
As typical at the start of the tear, the number of new listings coming on the market and the number of listings going into contract continue to rise. These typically climb rapidly throughout Spring, characteristically the most significant selling season of the year.
