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Transcripts For KNTV NBC Bay Area News At 6 20240714

Multiple offers. This year, that number plummeted to just over 13 . And homes arent selling as fast compared to last year. Something realtor Nancy Carlson is seeing in los altos. Average days on the market is increasing. Last year we saw about 7 to 9 days on market on the average, and this year i would say its up 10 to 14 days. This home in Mountain View stayed on the market 70 days. The president of the Santa Clara County association of realtors, Gustavo Gonzalez acknowledges there is a trend of bidding wars and homes staying longer on the market. As homes that are staged well and priced correctly are still selling fast. These new trends may help buyers. If youre looking to buy in the bay area, now may be a good time to do that just simply because youre less likely to face competition than last year. Its a short window of opportunity because the market is likely to heat back up next year. And San Francisco, however, is still seeing bidding wars. In fact, according to red stem, 35 of a

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