Homes in the Bay Area Selling Within 3 Weeks

Low inventory is forcing California homebuyers, particularly in the Bay Area, to act quickly and they are: homes in the nine-county sold in an average of 20.4 days in June. The California average of 22.4 days was the lowest since 2004.

San Mateo County had the fastest pace of sales with properties selling within 17.6 days followed by Alameda County (17.8 days) and Santa Clara County (17.9 days)

Prices continued to rise in the Bay Area on a year-over-year increase of 7.9 to a median sales price of $908,740.

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