According to Compass, the Bay Area real estate market is slowing for the holiday season, with fewer new listings and homes going under contract. While activity slows, buyers can often negotiate better deals on properties with longer days on market. Looking ahead to 2025, demand has historically rebounded early in the year and gained momentum into spring. Many agents are seeing an increase in sellers planning to list next year, though market conditions will depend on macroeconomic and political factors. This report focuses on November’s supply and demand trends, with a deeper analysis of 2024 market conditions in January. Mortgage rates have slightly decreased, while stock markets are reaching new highs, inflation has edged up, and consumer confidence has risen. These economic shifts could impact various segments of the market differently.