Bay Area Realtors Say Housing Market Slowing Down Slightly As Interest Rates Rise

CBS San Francisco

June 1, 2022

Realtors say the Bay Area's housing market is experiencing a mild slowdown resulting in homes remaining for sale longer, giving would-be buyers a slight edge.

"You should expect to see houses on the market for about 12, 15 days. A lot of my buyers are asking me, 'Is there something wrong with the house?' I told them, 'Look there's absolutely nothing wrong with the house. It's just that the market is a little bit slower,'" said Sonia Vu with NextHome Lifestyles.

Home prices have rocketed up in recent months and years and any slowing is viewed with a mix of concern and potential excitement.

Please click https://www.cbsnews.com/sanfra... for video and more on the story.

CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.