What the National Housing Headline Misses Locally

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A lot of the national conversation says the housing market is opening up — but San Jose and San Francisco are not telling the same story.

Realtor.com’s Market Clock shows the national market at 3 o’clock, while San Francisco sits at 11 o’clock and San Jose at 1 o’clock — both still leaning toward sellers.

These nearby markets influence the mindset, movement, and competition we feel locally.

What We’re Seeing Right Now

This market feels more selective than predictable.

• Well-positioned homes sell quickly
• Mispriced homes sit longer

Buyers are active — but far more selective on price, condition, and value.

Inventory Is Rising… But Carefully

More inventory doesn’t automatically mean a soft market.

Strong homes still move fast. Strategy matters more than ever.

The Lock-In Effect

About 80.3% of homeowners still have rates below 6%, limiting inventory.

Current 30-year fixed rates are around 6.37%.

The Bottom Line

• National → opening market
• Local → still competitive
• Buyers → returning
• Inventory → slowly growing

This market rewards strategy and experience.

Are you seeing more opportunity — or more uncertainty?

Warmly,
Kalani

Sources: Redfin, Realtor.com, mysantacruzrealestate.com, and local MLS stats.