Low Inventory, High Prices, Buyers Moving Inland

Green Escrow | Real Estate News

The tight housing market – low inventory combined with high prices in the nine-county Bay Area are forcing many home buyers toward lower-priced homes in inland areas. The median home price in the nine-county region rose nearly 11 percent from October, 2015 to $810,360.

While the sales volume in the Bay Area remained basically flat, counties such such as Amador County – east of Sacramento with a median sales price of less than $300,000 – saw a double digit spike in the percentage of sales.

Most analysts believe that the low inventory and high prices will keep the Bay Area housing market tight for the near future.