Extremely low housing inventories in the Bay Area
Not another post to show frustration on the insane cost of house ownership in the Bay - perhaps that always make others outside the Valley happier.
When I lately check housing inventories in several neighborhoods I find there are not many listings appeared, even for $1.5-2.0m range. In some cases tried the max up to $2.5m for 4-beds single-home. The areas I was looking at: Milpitas, Fremont, Cupertino, Saratoga, Campbell, Sunnyvale, Santa Clara etc. What are some possible reasons for such low inventories? I’m not questioning why the quality of even a $2m+ home looks so mediocre!
(Not desperate buying just right now; but just exploring to check how the market looks like)