We’re not out of the woods yet.

Driven by a local boom in the AI field, Santa Clara County median house and townhouse sales prices spiked 9% over 2023, topping $1.8 million and setting all-time highs. And while the median condo price was basically unchanged, the numbers of new listings and sales rose substantially. Still, sales volume remained well below what we’ve come to expect, and time on the market did not substantially drop.

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Bay Area tech layoffs hit 20K

More than 20,000 workers in the tech sector have lost their jobs in the past 6-8 months, and you more than likely know someone who’s been affected. According to a Mercury News report, open listings are down as much as 53% from pre-pandemic times for software positions and 37% for IT roles. But while some tech giants are downsizing, they’re still bigger than they were before COVID.

San Francisco’s “Tech-xit”

According to Compass market analysis, for the first time in a decade, median home prices in San Francisco fell by 1% from a booming 2021 to a cooling 2022 and came to rest at $1.78 million. Oddly enough, single-family homes are doing twice as well as condos, with more than 60% of sales closing over asking price. Recent tech layoffs certainly won’t help the condo market in months ahead. But it’s yet to be seen how big of an impact the “Tech-xit” will have.

Have you updated your iPhone lately?

Last week, Apple went public with a warning to iOS and macOS users that a security flaw uncovered by an anonymous researcher could let hackers take control of their devices. Mashable looks at what Apple is doing to fix the bug.

Geek's Number Talk: Bay Area Market Factors

The factors at play when it comes to buying and selling a home can be overwhelming for even the most seasoned real estate professional. And that’s before you consider factors specific to the Bay Area market, which run the gamut from the ebb and flow of the tech industry to federal immigration policy.