Bay Area home sales surged 25% in Feb, with median single-family home prices up 22.6% YoY.

Bay Area home sales surged 25% in Feb, with median single-family home prices up 22.6% YoY. Santa Clara & San Francisco medians hit $1.81M & $1.59M respectively. Condo sales rose 19.4% due to single-family home scarcity. Housing market demand creates competition among buyers, and some policymakers consider relaxing regulations, but inflation may hinder implementation.

March 31, 2024
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