November 17, 2021
Real Estate

When Will the Hot Bay Area Real Estate Market Cool Down?

© Bloomberg via Getty Images

Residential housing in San Francisco, California, U.S., on Friday, April 9, 2021. U.S. property taxes increased at the fastest pace for four years in 2020, with some of the steepest increases coming in traditionally low-cost Sun Belt states, according to figures from ATTOM Data Solutions. Photographer: David Paul Morris/Bloomberg via Getty Images

It has been a seller’s market for years when it comes to Bay Area real estate.

That won’t change right away, but experts said more houses are coming onto the market, which eventually could lead to lower prices.

Meanwhile, the Bay Area housing market is still scaldingly hot.

Zillow said homes are selling for 70% — and in some cases 90% — above the asking price.

NBC Bay Area’s Scott Budman has more in the video report above.

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