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.
Leave a Reply