Sales plummet 22% in SF, yet there's a bidding war on every property? This implies that demand still outpaces supply so I don't see how you could predict a cra

Sales plummet 22% in SF, yet there's a bidding war on every property? This implies that demand still outpaces supply so I don't see how you could predict a crash, yet. In reality, prices only dropped 1.8% y/y. And that was for March, which is traditionally a low-inventory month. I personally think the correction is still a year out.