If you’re a homeowner in Silicon Valley or the Tri-Valley, you’re probably seeing the national news. Headlines about high interest rates and a “slowing market” are everywhere, likely making you second-guess your decision to sell.

But here in the heart of Northern California, the story is very different.

As your local real estate experts, we’re on the ground in Silicon Valley and Tri-Valley every single day. We run the numbers, and we can tell you: our market is not the national market.

Before you let a national headline cost you valuable equity, here’s what’s really happening in our unique real estate market right now.

1. The Inventory “Crisis” is Your Opportunity

The #1 rule of economics is supply and demand. While the media talks about a “cooling market,” they’re missing the most important fact about the Bay Area: there is almost nothing for sale.

Right now, active listings in Tri-Valley are down 6% from last year and remain over 30% below pre-pandemic levels. In the Tri-Valley, inventory is similarly constrained, with a significant reduction in available homes compared to previous years.

What does this mean for you?

• Less Competition: You won’t be one of ten homes for sale on your block. Your home will be in the spotlight.
• More Buyer Focus: With fewer options to choose from, qualified, serious buyers are forced to compete for the few homes that are available.

This severe lack of inventory creates a “floor” for home prices and keeps our market firmly in seller’s territory, regardless of what’s happening in the rest of the country.

2. The “Dual-Engine” of Demand: AI + Return-to-Office

Our local economy has unique, powerful drivers that don’t exist in other markets. While some tech sectors have slowed, two massive forces are creating a new wave of high-income buyers.

• The AI Boom: Silicon Valley is the undisputed global center of the artificial intelligence revolution. Companies like OpenAI, Anthropic, and countless others are hiring top-tier talent and offering generous compensation packages. These are new, motivated buyers looking for homes now.
• The Return-to-Office: Major tech employers, including Google, Meta, and Apple, are strengthening their in-office policies. This is pulling the workforce back from remote locations and increasing demand for homes within a reasonable commute of Tri-Valley, Sunnyvale, Pleasanton, and the surrounding tech hubs.

This dual-engine is injecting fresh demand into the exact areas we serve, creating a buyer pool that is strong, qualified, and actively looking.

3. Homes Are Still Selling Fast (and Over Asking)

This is the most important proof. Forget the headlines and look at the actual data:

• Speed: While the national “days on market” is climbing, well-priced homes here are being snapped up. In Silicon Valley, nearly half (48.5%) of homes are going under contract in under two weeks. The median time to sell across the Tri-Valley area (Pleasanton, Dublin, Livermore) is also incredibly fast, with “hot homes” often pending in just 7-10 days.
• Price: This is not a buyer’s market. In Tri-Valley, homes are consistently selling for 102.2% of their list price. In Fremont, that number is over 103%, and in areas of Union City, Newark, Pleasanton, Dublin, and Livermore, well-presented homes are sparking bidding wars and selling for 5%, 10%, or even 20% over the asking price.

Buyers are paying a premium for quality homes, and they are doing it quickly.

Don’t Guess About Your Home’s Value

Don’t rely on national headlines or an automated “Zestimate” to price your most valuable asset. The truth is, your home’s value is determined by these powerful local factors.

At Perfect Harmony Properties, we can show you exactly what your home is worth in today’s market.

Click here to get an instant, data-driven valuation of your home.