The Bay Area housing market is set for moderate price growth through 2026-2027, driven by tight inventory and strong demand despite affordability challenges and mortgage rate fluctuations. Median home prices surged, especially in core tech counties with extremely low inventory and fast sales. Sales volume is improving but remains below pre-pandemic levels. Inventory shortages will keep competition high, while affordability limits rapid appreciation and widens disparities between tech hubs and outlying counties.

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