Q1 2025 dollar-volume sales increased 11% over Q1 2024. Then amid high economic volatility, Q2 2025 sales declined 2.5% from Q2 2024. Overall, year over year, sales rose about 2.4% in 1 st half 2025.
1 st Half, Dollar-Volume Home Sales since 2015 11 Greater Bay Area Counties, Sales Reported to MLS*
$59,678,700,000
House, condo, co-op, townhouse, TIC & halfplex sales reported to NorCal Regional MLS, January 1 through June 30 of each year.
$55,394,700,000
Pandemic boom and very low interest rates supercharge sales
$40,563,200,000
$40,890,100,000
$39,631,300,000
$37,814,500,000
$35,775,100,000
$34,421,800,000
$33,459,900,000
$32,920,600,000
$29,708,900,000
| Stock markets soar in early 2024
| Interest rates jump, slowing sales in late spring 2022
| Pandemic hits in early spring 2020, initially slowing sales dramatically
1st Half 2015
1st Half 2016
1st Half 2017
1st Half 2018
1st Half 2019
1st Half 2020
1st Half 2021
1st Half 2022
1st Half 2023
1st Half 2024
1st Half 2025
*11 Bay Area counties, Napa to Monterey, as reported to NorCal Regional MLS. Data from sources deemed reliable but may contain errors and subject to revision. All numbers are approximate and rounded. An estimated 10% - 12% of sales are not reported to MLS and not reflected in this analysis. Counties sometimes saw differing trends.
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