Sales volume in the bay area are low for a variety of reasons (Prop 13, not enough new construction).
It doesn't take many people with high salaries when there is low inventory to push prices up.
If many more houses were for sale, the prices would plummet due to lack of buyers able to pay the current prices.
Sales volume in the bay area are low for a variety of reasons (Prop 13, not enough new construction).
It doesn't take many people with high salaries when there is low inventory to push prices up.
If many more houses were for sale, the prices would plummet due to lack of buyers able to pay the current prices.