Tight Inventory Still Holding Back Bay Area Home Sales
All the ingredients for a red-hot housing market in the Bay Area are there – a robust economy, tech companies that are churning out high-paying jobs, very strong demand from well-qualified buyers, and home prices that are climbing at a healthy pace. The only thing that’s missing is enough homes for anxious buyers to purchase. While inventory has edged up in some areas lately, it’s still way too low to satisfy buyer demand, and that’s clearly having an impact on sales.