Sellers Market in the Bay Area -
It's a sellers' market across the Bay Area, with buyers in April snapping up properties in all six counties.
Generally, a housing market favors sellers when more than 35 percent of homes are in contract, and a buyers' market is indicated when less than 25 percent are in contract. A market is considered balanced when 25 to 35 percent of the homes are in contract.
Here's a snapshot of the percentage Bay Area homes in contract at the end of April:
- San Francisco: 40 percent
- East Bay (Alameda County): 41 percent
- Sonoma County: 46 percent
- Contra Costa: 48 percent
- Marin: 48 percent
- Napa Valley: 55 percent