As bidding wars cool, is a Peninsula housing crash on the way? | September 10, 2021 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - September 10, 2021

As bidding wars cool, is a Peninsula housing crash on the way?

Region sees most competitive market in a decade

by Xin Jiang

As we roll through summer, many local families are finally getting away for their first vacation since March 2020. With fewer active buyers, the bidding war has cooled down quite a bit compared to the crazy spring, and the market seems to be back to its normal seasonality.

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Xin Jiang is a real estate agent with Compass in Palo Alto. She can be emailed at [email protected]

Comments

Posted by Kurt_G
a resident of Adobe-Meadow
on Oct 6, 2021 at 5:48 pm

Kurt_G is a registered user.

With the current challenges and more people moving during the summer, this articles rings true. It’s quite strange these days. My home buyers these days ask a lot of questions regarding the market, so thanks for sharing this great article. I also wrote a post about how we got to this point: Web Link I find the lumber dilemma horrible and fascinating.


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