The factors at play include a rebound in repressed buyer demand, the relatively low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (AI).

That the market is heating up is illustrated across a range of indicators included in this report, indicators which will almost certainly continue to improve in coming months. Spring is typically the strongest selling season of the year.