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Bay Area housing market

The Oakland real estate market has entered a notable correction phase in early 2026, with home prices showing clear declines amid shifting buyer dynamics, rising inventory in some segments, and broader economic pressures in the Bay Area. Median sale prices for January 2026 hovered around $665,000 according to leading market trackers, reflecting a year-over-year drop of approximately 4.5%. Zillow’s average home value index stands at about $684,251, down 9.3% over the past year, underscoring a broader softening in valuations.
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The Oakland real estate market has entered a notable correction phase in early 2026, with home prices showing clear declines amid shifting buyer dynamics, rising inventory in some segments, and broader economic pressures in the Bay Area. Median sale prices for January 2026 hovered around $665,000 according to leading market trackers, reflecting a year-over-year drop of approximately 4.5%. Zillow’s average home value index stands at about $684,251, down 9.3% over the past year, underscoring a broader softening in valuations.

“Oakland’s housing market experienced a measurable price pullback in January 2026, with median sale prices falling … The Oakland real estate market has entered a notable correction phase in early 2026, with home prices showing clear declines amid shifting buyer dynamics, rising inventory in some segments, and broader economic pressures in the Bay Area. Median sale prices for January 2026 hovered around $665,000 according to leading market trackers, reflecting a year-over-year drop of approximately 4.5%. Zillow’s average home value index stands at about $684,251, down 9.3% over the past year, underscoring a broader softening in valuations.Read more

by MJ•February 21, 2026•0

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