This month, we discuss the effects of decreased inventory coupled with increased sales in Silicon Valley, which includes median prices soaring near all-time highs. We also dive into the larger trend of working remotely and how it might affect the region. As the market ebbs and flows, we continue to provide you with the most up-to-date information, so you feel supported and informed in your buying and selling decisions.
In this month’s newsletter, we cover the following:
- Key Topics and Trends in September: Pinterest Inc.’s lease break, which ends the company’s plans to expand its office space, underscores the larger trend, already seen by companies such as Google and Facebook, toward more permanent remote work. The increase in remote workers has dropped rental rates, but it has not affected home prices.
- September Housing Market Updates: Inventory remains lower than normal, which has increased median prices. The Months of Supply Inventory and Days on Market have dropped and are once again favoring sellers.
