Published January 31, 2022

What does 2022 have in store for the housing market?

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Written by Kerri Naslund-Monday

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 It's harder than ever to find a home for sale in the Bay Area.

In December, the number of houses for sale sank to historic lows—down 22% in San Francisco and the East Bay and 32% in the South Bay from 2020.

Meanwhile, demand hasn't slowed. Which means prices are still going up.

Price cuts don't tell the whole story, either. Often, they're the result of sellers pricing aggressively to see just how much they can get. When they can't command crazier-than-crazy prices, they drop the price.

To keep things interesting, crypto has also been making an appearance in real estate deals in the Bay. More and more buyers are converting crypto to cash to compete.

Seasonal markets? No such thing right now.

All of this is very good news for sellers, but what about buyers?

We can now finally say with confidence that interest rates are going up this year. Which means if you'd given up on your search in the past, it's worth it to wake up and hit the ground running.

There is some good news: What you see on the market isn't the whole story. There are plenty of sellers out there who want a quick sale without the hassle of staging, marketing, and showing. 

Ask me about our off-market list to find out about the hidden inventory.

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Kerri Naslund-Monday

Realtor | The Monday Team | Keller Williams Realty | PLACE

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