We won’t ask you to “stop us if you’ve heard this before,” because you have: for the 13th consecutive month Bay Area pending home sales have declined. October saw an even steeper decline falling by 10.5 percent.
Of course, declining affordability and low inventory remain the primary concerns.
And – once again – buyer demand remains vigorous with two-thirds of the homes on the market receiving multiple offers. Finally, real estate professionals report that open-house traffic was greater this year than last.