https://www.siliconvalley.com/2024/10/23/bay-area-home-sales-fall-in-september-even-as-mortgage-rates-decline/ > While the Bay Area might have seen a second summer in September, home sales were already cooling down. > Home sales in the nine-county region hit their lowest level since March, declining 9.4% from a month earlier, even as mortgage rates trended down, according to recent data from the California Association of Realtors. The average rate for a 30-year fixed mortgage hit 6.08% the week of Sept. 26 — its lowest level in over a year.