Bay Area Real Estate Weekly

Bay Area housing pulse: SF sets a 26-year overbid record as rates climb to 6.65%

The Bay Area housing market is bifurcating this week: SF recorded a $1,687,500 median sale price (+19% YoY) and set a 26-year luxury overbid record ($15M on a $7.95M ask), while Oakland (−3.3%), Contra Costa County (−3.6%), and Santa Clara County (−1.5%) all show year-over-year declines. The 30-year fixed rate climbed to 6.51–6.65%, putting monthly P&I on a $1.4M Bay Area median home above $7,100. On policy: the federal ROAD to Housing Act passed the House 396–13, a state ballot measure targeting municipal transfer taxes was certified for November, and SF's Affordable Housing Guarantee Act qualified for the November ballot.