Bay Area Real Estate Market Continues to Get More Competitive

However, they’re not buying any faster than buyers last year. 48.9% and 43.1% of homes for sale in San Jose and San Francisco (respectively) are going in two weeks or less as of October 2013; and while these numbers may seem high for winter, they are actually down from the 54.3% and 46% average in October 2012.

Translation: the Gold Rush is most certainly on, but perhaps (marginally) fewer people are willing to commit to real estate purchases, rather than rental agreements, than last year.
· Home Buyers Sustain Pace in October with 28 Percent of Homes Selling in Two Weeks or Less [Redfin]

Article source: http://sf.curbed.com/archives/2013/11/27/bay_area_real_estate_market_continues_to_get_more_competitive.php

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