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Blog Archives: July 2017

Sunnyvale Mid Year Market Update

July 26, 2017
Pelin Erdal
Bay Area home prices remain far more expensive than statewide home prices, according to a new California Association of Realtors report. This is no surprise to any of us living in the Bay Area. Prices keep inching higher, as housing supply simply cannot keep pace with job growth and buyer demand. So far this year we've had historically low inventory - with fewer listing hitting the market the first half of 2017 than in 2016 and 2015. We saw inventory levels peak in March 2017 and then steadily decline. This was good news for ...