
Bay Area Housing Market Heats Up Amid AI Boom, Return to Office
Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.

Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly

Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where

The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing

Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records

There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling

Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about

Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly

Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where

The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing

Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records

There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling

Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about