The Bay Area real estate market update…total inventory is 233 homes on the market and a total of 64 sales last week from South San Francisco to Redwood City this week. This market is “on fire.” It might have been the strongest week we’ve had since this time last year. This is the second week in a row with a strong number of single family homes sold, over 40! Buyers are back to asking the question what price are you willing to offer above the asking price to get the home and buyers will most likely be in a multiple offer situation again. Is the down/flat market we’ve experienced the past 3-4 month period over? This market is going back up and trending to continue up. We are back to peak values of last year, up 10% from November.
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