Is now the right time to sell in Berkeley—given rising inventory and elevated mortgage rates?
Yes. Despite higher mortgage rates and more inventory, Berkeley homes remain in demand, and well-positioned listings—like 901 Grizzly Peak Blvd, which sold for $3.2M—show that sellers can still achieve strong results.

Why Sellers Are Asking This Question

If you’re a homeowner in Berkeley, you’ve probably noticed more listings hitting the market and heard plenty of headlines about elevated mortgage rates. Understandably, many sellers wonder if waiting for rates to drop will bring better offers. But the reality is that motivated buyers are still out there, and Berkeley’s unique market continues to perform above national averages. Bay Area Market Reports’ East Bay Home Price Trends show consistent buyer interest even with increased inventory.

The Current Market Landscape in Berkeley

1. Rising Inventory

Inventory across the East Bay, including Berkeley, has increased compared to the frenzied pandemic years. More homes on the market mean buyers have options, and pricing strategy is more important than ever. However, Berkeley’s limited land and desirable neighborhoods help keep demand steady. Realtor.com’s East Bay trends confirm these patterns.

2. Elevated Mortgage Rates

Mortgage rates remain in the 6–7% range, which reduces buyer affordability. This has slowed bidding wars compared to 2020–21, but serious buyers are still entering the market—often with strong down payments or all-cash offers. Freddie Mac’s latest mortgage survey highlights current rate pressures.

3. Buyer Demand in Berkeley

Berkeley attracts a steady pool of buyers thanks to its proximity to San Francisco, UC Berkeley, strong schools, and vibrant culture. Even in a higher-rate environment, homes priced and marketed correctly are moving.

Case in point: 901 Grizzly Peak Blvd, listed by The Parker George Team at Compass, sold for $3,200,000, underscoring that demand for luxury properties is still robust. Read more success stories on The Parker George Team’s website.

What This Means for Sellers

• Proper Pricing Is Critical: Buyers are more cautious, but competitively priced homes continue to sell quickly.

• Marketing Matters More Than Ever: Professional staging, photography, drone tours, and Compass’s advanced marketing tools can make your property stand out in a crowded market. Learn about The Parker George Team’s marketing approach.

• Upgrades & Compliance: With Berkeley’s energy efficiency (BESO/EMBER) and wildfire safety regulations, sellers benefit from addressing inspections and upgrades before listing. City of Berkeley’s BESO program provides details.

Should You Sell Now or Wait?

If you’re considering selling, waiting for rates to drop may not guarantee a better outcome. When rates eventually decline, buyer demand will surge—but so will inventory, creating more competition for sellers. Listing now allows you to capture today’s motivated buyers without competing against a flood of new listings.

FAQs for Berkeley Sellers

Q: Will my home still attract multiple offers?
A: Multiple offers are less common than during 2021, but competitively priced, move-in-ready homes in desirable neighborhoods still see strong buyer activity.

Q: Should I invest in pre-listing inspections?
A: Yes. Addressing potential issues upfront (electrical, energy compliance, wildfire risk) reduces surprises and can improve buyer confidence. Explore our seller resources.

Q: How can I maximize my sale price in this market?
A: Partnering with an experienced Berkeley listing agent like Robert Parker of The Parker George Team at Compass ensures the right pricing, marketing, and negotiation strategy.

Bottom Line

Yes, it’s still a smart time to sell in Berkeley. Despite higher rates and more inventory, buyers remain eager for well-presented homes, especially in sought-after neighborhoods. With the right pricing and strategy, you can achieve an excellent result in today’s market.

Ready to Find Out What Your Home is Worth?

👉 Get Your Berkeley Home Value Today — The Parker George Team at Compass will provide a personalized analysis and proven strategy to help you sell with confidence.

Written by Robert Parker, The Parker George Team, Compass – Berkeley’s trusted listing agents specializing in luxury and family homes.