Title says it all!
Zestimates are going down for the last several month.
Last month, most houses in my South Bay neighborhood sold below listing, about 5-10%. Contrast to 6 months ago when houses sold above listing 5-10%. Not in a good school district though.
They flattened in some area's, that's the best you can hope for in an area where demand wildly exceeds supply and there is no hope of additional supply until we start making islands in the bay.
Rates have gone up which has softened pricing of the market.
And caused a buying rush
Sorry to disappoint but with all the unicorns IPO'ing next year all these new millionaires will keep the price up or stable for the coming few years.
Not if they’re getting taxed at 70%
Atinlay, many years have you made over 10m?