Median home price surpasses $2 million in these two Bay Area counties

Real Estate advisor Teresa Baum, right, walks through a home with a visitor during an open house event on Thursday, April 25, 2024, in Oakland, Calif. The Upper Rockridge neighborhood home is listed for a price of $2,695,000. As the spring housing market began heating up, the median home price blew past the $2 million mark in two Bay Area counties.

In the East Bay, Amanda Piñero and Kenny Handel are weighing whether a bigger place would be worth giving up their pandemic-era interest rate. Calculations like this are what have kept so many sellers on the sidelines. But as the year stretches on, many find they can’t wait any longer. Some real estate agents say high-performing tech stocks are behind the uptick in Bay Area sales, allowing tech company employees to cash out their stock options to put a higher down payment on a home.

“People want turnkey properties,” Miller said. “With two incomes and people already struggling to make ends meet, the last thing they have is time for a renovation.”

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