Home Inventories Up While Pricing Beginning to Flatten and Decline: The 2018 real estate market in the Bay Area is going out with a whimper instead of the "bang" of prior years. The national and local real estate markets have definitely slowed down, as rising interest rates, a faltering stock market and limited deductibility of state / local taxes and mortgage interest have all taken their toll. In November 2018 we saw a whopping 45% more homes on the market than in November 2017 while new listings decreased by about 20%. This indicates to me that the surge of inventory we saw after Labor Day -- much higher than prior years -- did not completely sell and will likely remain on the market through spring.