The Bay Area housing market is showing signs of renewed activity this fall. After a summer lull, home prices across the region have begun to rise again, signaling that the market is returning to its seasonal trends. Here’s a detailed look at what’s happening and what buyers and sellers should keep in mind.
Market Overview
According to real estate expert Spencer Sue, the Bay Area market is behaving largely as expected. Despite headlines about economic uncertainty, stock market fluctuations, and visa policy changes, people with capital and clear financial plans are still making moves. Life continues, and so do housing transactions.
Historically, home sales dip during the summer when many buyers and sellers are on vacation, only to pick up in the fall. This year, September saw an increase in activity compared to previous months, and mid-October data indicates prices continuing their upward trajectory.
Prices and Trends by County
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Santa Clara County: Prices have rebounded strongly, even surpassing previous spring highs. This reflects Silicon Valley’s strong employment base and tech-driven economy.
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San Mateo County: Moderate recovery with a steady rise in median sales prices.
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San Francisco: Recovery is slower; despite tech and AI sector growth, buyers are cautious about settling in the city.
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Alameda & Contra Costa Counties: Gradual recovery with moderate price increases, influenced by a mix of suburban and urban demand.
Single-family homes remain the most sought-after asset type, selling faster than condos or townhomes. Median days on market for blended property types is currently around 18 days, while hot single-family homes can sell within a week.
Inventory and Listings
While prices are increasing, the number of new listings is beginning to decline as the year moves toward winter. September had a high number of new listings, but by November and December, new inventory typically drops to 40–30% of those summer levels. Buyers looking for deals should be prepared for fewer options and potential renovation needs, as some homes will require updates during slower months.
Sales Volume
Despite fluctuations in inventory, the number of closed sales has remained strong. October 2025 saw over 4,000 transactions across the Bay Area, demonstrating that buyers and sellers are continuing to move forward even amidst uncertainty.
Advice for Buyers and Sellers
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Sellers: Now remains a good time to sell if you have personal or family reasons. Waiting for spring could yield slightly higher prices, but the market may not drastically change, so timing should align with your personal needs.
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Buyers: Fall and winter can offer opportunities, especially if you are strategic and prepared to act quickly. Fewer buyers in the market can mean less competition, but inventory is limited, so preparation is key.
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Buy & Sell Situations: Coordination is critical if you need to buy and sell simultaneously. Strategies vary depending on whether you buy first or sell first, and planning with a knowledgeable agent can help optimize your outcomes.
Key Takeaways
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The Bay Area real estate market is following its normal seasonal patterns rather than reacting to headlines.
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Single-family homes are in highest demand, while condos and townhomes remain slower-moving.
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Inventory will decrease heading into winter, but opportunities remain for buyers and sellers.
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Decisions should be guided by personal circumstances rather than short-term market predictions.
For anyone considering buying, selling, or investing in Bay Area real estate, having a clear strategy and local expertise is essential. With the right approach, you can navigate the market successfully regardless of timing or uncertainty.