👉 End of Bay Area Housing Slump
The latest report by The Mercury News unveils the Bay Area's housing market dynamics in August, showcasing a remarkable 5% surge in median housing prices. This data, sourced from the California Association of Realtors, signals what it calls the end of the Housing Price Slump. 📈
However, Silicon Valley paints a unique picture. In Santa Clara County (largest of 9 counties), the Year over Year Price increase stands at an impressive 12.3%, with the median price soaring to $1.8 million. This upward trajectory has been consistent for months. 💰
The article attributes this price surge to major employers in the region mandating a return to the office. Nevertheless, irrespective of the cause, the limited housing inventory has been a key driver of price hikes since the
If you're considering a purchase, seize the opportunity now before prices continue their upward climb, potentially making homeownership more costly. Act fast! 🏡💨
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