The Mid-Peninsula stayed a seller's market: 138 homes closed in the last 30 days — 45 just this week — with the typical home fetching about 106% of asking. Single-family homes sold over list in every price band, from under $2M up past $4.5M, while condos held steadier. Inside: closed sales by city, the single-family price-point breakdown, this week vs. the 30-day pace, the trade-up Move Math at today's 6.65% rate, and a Prop 19 reminder for 55+ downsizers.

Here's your weekly read on the Mid-Peninsula housing market — Belmont, Burlingame, Foster City, Hillsborough, Menlo Park, Palo Alto, Redwood City, Redwood Shores, San Carlos, and San Mateo. Local Market Activity (July 14 – August 13) The Mid-Peninsula closed 140 homes in the last 30 days — 50 just this week. The typical home sold for $2,325,000 and went for 105% of asking, so sellers are still getting a premium over list. Palo Alto led on volume with 22 single-family closings

This week's pulse covers the ten Mid-Peninsula cities I track: Belmont, Burlingame, Foster City, Hillsborough, Menlo Park, Palo Alto, Redwood City, Redwood Shores, San Carlos, and San Mateo. Local Market Activity (July 7 – August 6) The Mid-Peninsula closed 143 homes in the last 30 days — 52 just this week. The typical home sold for $2.29M and went for 105% of asking, so sellers are still getting a premium over list. San Mateo and Redwood City led on volume, while Hillsboroug

143 homes closed across the Mid-Peninsula in the last 30 days, single-family still selling over asking while condos stay measured — plus rates, the Fed, and the move math.

Your weekly Mid-Peninsula scorecard, Kevin's Call, the Move Math for upsizers & downsizers, and the macro forces behind it all — week of July 2, 2026.

Mid-Peninsula Real Estate Market Report — May 2026 Published by Kevin Peterson, KPeterson Realty | DRE #02128545 | May 2026 What This Report Covers This report analyzes 14,738 confirmed Bay Area closed sales (January–May 2026) and 3,839 May 2025 comparison records — broken out by city, price tier, SFR vs. Condo/Townhouse, and five-county region. Every data point is sourced from Bay East / BAREIS MLS confirmed closed sales. Three Numbers That Define May 2026 109.7% — San Franc

December 2025 showed a Bay Area housing market that refused to “slow down for the holidays.” Instead of cutting prices, many sellers pulled listings or held firm, and serious buyers still stepped in where homes were scarce. Single-family homes stayed competitive, while condos and higher-priced homes remained negotiable. As 2026 begins, choices and timing—not lower rates—are shaping who wins in today’s market.

In November 2025, the Bay Area housing market showed stability, not acceleration. Single-family homes remained supply-constrained and seller-leaning despite seasonal slowing, while condos stayed buyer-leaning with longer days on market and elevated inventory. Mortgage rates stabilized near 6%, hybrid work patterns held firm, and tech employment remained steady. Inventory and absorption—not rates—continued to drive pricing outcomes, especially across Peninsula markets.

Bay Area housing in October 2025 saw mixed trends. Peninsula single-family homes stayed strong with fast sales and tight supply. Condos and high-end homes took longer to sell, giving buyers more negotiating power. Lower mortgage rates brought more buyers back, but the number of homes for sale and local job trends were the biggest drivers of pricing. Supply and demand shaped real estate outcomes.

In September 2025, markets rebounded sharply as the Fed cut rates by 25 bps. The NASDAQ surged 5.4% and the S&P 500 rose 3.5%, driven by AI, chips, and easing inflation. Lower mortgage rates boosted Bay Area buyer confidence, especially among tech workers with rising RSUs. Hybrid work persisted, AI hiring expanded, and venture capital surged—supporting demand for $1.3M–$3.3M homes across the Peninsula and South Bay.

August split the Bay Area market again: SFRs in the $1.3M–$3.3M range are still moving fast and over asking, while condos $1.3M+ and luxury homes slowed with longer DOM and more negotiation room. Mortgage rates dipped to ~6.29%, the lowest since spring, giving buyers a small boost. See our proprietary heat maps for the hottest price tiers in your county.

July 2025 brought sharper divides in the Bay Area market—SFRs still spark bidding wars, while condos cool. Mortgage rates hit their lowest since April, tech layoffs eased, and data center growth surged. Which counties are hottest? Where do buyers now have the edge? See our county-by-county heat maps and trends before you make your next move.

June 2025 continued the trend from May: SFRs under $3M stayed strong with faster sales and 105–108% list-to-sale, while condos cooled further. Compared to May, condo DOM rose and inventory climbed. Year-to-date, SFRs lead in price gains; condos show flat-to-negative growth, especially in SF and Santa Clara. VC and AI growth offset job losses in tech.

May 2025: SF Bay Area SFRs remain strong with median prices up to \$1.92M in San Mateo and \$1.88M in Santa Clara. Homes are selling in \~21 days at 107% of asking. Condo markets soften—SF condo prices down 5.1% YoY with 4.1 months of inventory. Buyers gain leverage in high DOM segments; sellers still win in the \$1.3M–\$2.8M SFR range. Investors: watch under-\$800K condos for value-add plays.

SF Bay Area real estate is shifting. In April 2025, San Mateo SFRs hit $1.96M median (+7% YoY), Santa Clara homes rose to $1.84M (+5.9%), while SF dropped to $1.25M (–9.7%). Condos in SF also fell 8.8% YoY. Single-family homes are still selling at 107% of list in just 19 days, while condos lag with 3.9 months of supply. See where buyers or sellers hold the advantage across 5 counties in this detailed analysis.

Despite a surge in inventory, Bay Area homes are still selling fast—averaging just 18 days on market—and at 107% of asking price. What’s fueling this red-hot demand? In this week’s market update, we break down key trends for buyers, sellers, and investors: where homes are selling the quickest, why list-to-ask ratios remain high, and how to navigate this shifting landscape. Whether you're upsizing, downsizing, or just watching the market, this insight could save—or make—you th

Explore how insurance, unemployment, and interest rates affect CA real estate in 2025, plus tips for buyers & sellers in a balanced market.

Who is KPeterson.realty and how can we help you? The Data-Driven Realtor: With 40+ years of combined experience in global sales and...

Who is KPeterson.realty and how can we help you? The Data-Driven Realtor: With 40+ years of combined experience in global sales and...

Who is KPeterson.realty and how can we help you? The Data-Driven Realtor: With 40+ years of combined experience in global sales and...