Despite a recent slowdown in the Bay Area housing market, deals fall apart at one of the lowest rates in the nation. But sales are falling much more often than just a few years ago.
About 5% of home sales in the San Francisco metropolitan area fell through in October, according to online real estate brokerage Redfin, which defines the area as San Francisco and San Mateo counties. That was up from 3% last year at the same time, but still the second-lowest rate among the 50 most populous U.S. metro areas in the company’s data, just above the 4% in Nassau County, N.Y.
Fall-throughs were similarly rare in the San Jose and Oakland metro areas, where less than a tenth of pending sales were canceled. But both areas saw a four percentage-point increase in their rates from October 2024…