No one’s calling this a buyer’s market yet — but agents are saying that conditions for Bay Area homebuyers may be as good as they’re going to get this year.
Inventory is up. Prices are staying steady. And notably, the number of listings with price drops is also on the rise from last year.
“Homebuyers have never had more selection in the last five years than they have right now,” said Rick Fuller, a real estate agent based in Concord.
As of April, the number of active listings in the nine-county Bay Area was at a five-year high, according to data from the Federal Reserve Bank of St. Louis.
“There’s more for buyers to choose from,” said Tracey Esling, president of the Bay East Association of Realtors. “Sellers have to be more competitive with each other,”
The result? Prices are staying