Bay Area Market Remains Competitive

Given the low housing inventory and sustained high demand it’s no great surprise to note the following trends:

  • The average property is receiving from two to four offers
  • 60% of homes are selling for more than the asking price
  • Down payments in San Jose and San Francisco were 25.2 percent and 22.3 percent, the highest in the country
  • Co-borrowers are increasingly being used, with San Jose leading the country at more than 50 percent of all home purchases

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