August Bay Area Home Sales Report

Rising Housing Costs Hit the Bay Area’s Most-Affordable Communities the Hardest

• Inventory continued to improve, up by 5 percent from August 2017 after 16 consecutive months of year-over-year declines.
• The Bay Area’s median home price rose by 12 percent on an annual basis.
• Affordability concerns are impacting budget-constrained buyers, especially in Sonoma County.

Bay Area inventory conditions continued to improve in August, marking the second straight month of year-over-year increases. The other counties either showed a small increase or a decline. San Francisco continued to post a large annual decline in the number of homes for sale. The most affordable inventory continued to decline in all regions but Sonoma County, where the supply of homes priced below $1 million increased by 23 percent. Read full article @elizabethGkilgore




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