Throughout the summer, the Bay Area housing market continued to shift, with transactions falling more than 30 percent in most counties. However, while transactions have declined, home prices generally hold their value.
As a result, there are still plenty of opportunities for sellers and buyers. In sharp contrast to late 2021, when many buyers struggled to close on homes in the Bay Area as competition soared in a low-inventory market, the final quarter of 2022 looks incredibly promising for buyers. With inventory returning to May 2022 levels, buyers will find it easier to close a deal in late 2022 than they would have a year ago and have far more options.
Despite moderate price cuts in most Bay Area counties (notably, Napa Valley continues to be an exception), it remains a great time to sell. Since Q4 2019, homes have appreciated at a rapid pace across the region. As a result, even as prices edge down, sellers can still expect a strong return on any properties purchased prior to 2022.
SAN FRANCISCO MARKET UPDATE – SEPTEMBER 2022
Click to Discover Updates in Your Areas
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, Soma, Yerba Buena, South Beach, Central Waterfront/Dog Patch
Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill
Marina, Pacific Heights, Presidio Heights, Cow Hollow
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
Glen Park, Haight Ashbury, Noe Valley, Cole Valley, Parnassus Heights, Buena Vista/Ashbury Heights, Calderon Heights, Duboce Triangle, Eureka Valley/Dolores Heights
Forest Hill, St. Francis Wood, Miraloma Park, Forest Hill Extension, West Portal
Central Richmond, Inner Richmond, Jordan Park/Laurel Village, Lake Street, Sea Cliff, Lone Mountain
