As summer winds down, the Bay Area real estate market is gearing up for one of its busiest times of the year—the fall selling season. Running from early September through mid-November, this period often brings a surge of new listings, increased buyer activity, and strong momentum in higher-end segments before the holiday slowdown.
This year, all eyes are on interest rates. Mortgage rates have recently dipped to just under 6.3%, edging closer to the 6% mark that many analysts believe could unlock stronger buyer demand. While this is promising, recent years have shown just how quickly rates can swing—sometimes shifting direction almost overnight.
On the economic front, the signals are mixed.
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Stock markets recently hit record highs, boosting confidence in affluent markets like San Francisco and Marin.
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Inflation held steady at 2.7%, yet the Producer Price Index posted its largest monthly jump in more than three years.
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Consumer confidence remains subdued, weighed down by ongoing uncertainty at both national and international levels.
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The jobs report came in weaker than expected, adding another layer of unpredictability.
The Federal Reserve is widely expected to cut its benchmark rate this month—potentially the first in 2025—but much depends on the inflation numbers set to be released in the coming weeks.
What does this mean for buyers and sellers? For sellers, early fall could be the sweet spot to list before the seasonal slowdown. For buyers, a potential drop in rates combined with fresh inventory may create opportunities not seen in months.
One thing is certain: the next few weeks will be pivotal in shaping how the market closes out the year.
Contact Marks Realty Group if you have any questions, we are here to help you.
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Source: Compass.com
