Kevin Peterson

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.

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.