Have Low Housing Inventories Finally Hit Bottom?

Tight supplies of Bay Area homes for sale have stymied would-be buyers – and throughout California and the United States – for many long months. Have housing inventories finally hit bottom?

Shortages have spurred bidding wars, driving up home prices in Pacific Union’s markets.

They’ve also begun cutting into sales: In March home sales were down an average 9 percent in the Bay Area year over year, despite increased demand from buyers.

The question everyone’s asking: When will housing inventory hit bottom?

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