SAN FRANCISCO, Calif. (KRON) – The competition remains fierce for homebuyers in the Bay Area. As summer approaches the pace of properties being sold is really heating up.
According to a recent analysis of the Bay Area housing market by Zillow, the month of April saw the demand outweigh the supply leading to properties being sold at an unusually accelerated rate — That includes traditionally hot real estate markets like San Francisco.
“1/4 of homes coming off the market in less than a week and 3/4 of homes coming off the market in under a month,” Nancy Wu, Zillow economist, said.
Zillow economist Nancy Wu talks about some of the drivers pushing the pace of home sells.
“The speed in which homes are coming off of the market is in large part due to the fact that there has been a lot of technology that makes the process of home…