Zonda's Market Snapshot tells a story of recovery, but the area's tech industry faces an uphill climb after a period of sustained layoffs and shakeups.

As a luxury priced market, San Francisco has been particularly impacted by slumping tech stocks and tech layoffs. 

Despite these layoffs, the Bay Area housing market showed signs of picking up at the beginning of 2023 after a lull in sales in the latter half of 2022. Opportunistic buyers have been re-emerging to seize on prices that have dropped from their Q2 2022 peak.