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Tech-driven demand boosts Midpeninsula home sales, lifting prices and inventory despite high rates and rising wildfire insurance costs.
Midpeninsula homebuyers are experiencing renewed market momentum in fall 2025, fueled by strong tech sector growth—especially in AI—leading to rising demand for luxury and mid-priced homes.
Median sales prices in seven key cities rose 4.5% year-over-year to $3.45 million, while new listings increased 4.8%, and inventory surged in Santa Clara County.
Though mortgage rates remain high at 6.25%, improved supply is reducing bidding wars and easing market overheating.
However, rising wildfire-related insurance costs—projected to increase 21% in California—continue to challenge affordability in vulnerable areas.
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La demanda impulsada por la tecnología impulsa las ventas de casas en Midpeninsula, elevando los precios y el inventario a pesar de las altas tasas y el aumento de los costos del seguro contra incendios forestales.