As we have seen for the last 4 years, Bay Area real estate is very difficult to acquire. This is driven by a number of factors as discussed in this article from SFGate. Bottom line housing inventory continues to decline.
While this is highly frustrating for Buyers it is highly profitable for sellers. Our inventory is so low that multiple offers exist at almost every price point.
For thosè sellers looking to buy my advice is come up with a bridge financing strategy and buy now. Prices are going up!