Bay Area Remains a Seller’s Market with More Reasonable Sellers

San Francisco

2022/07/06

The Bay Area housing crisis is still present despite owners lowering their asking prices. However, a slow-down in home prices doesn’t necessarily mean that things are going to get any cheaper.Priced-out buyers are expected to raise the rental demand and cause rent prices to rise.Typical rents in May, YoY: San Francisco: $3,214, ↑ 10% San Jose: $3,295, ↑ 12%