Peninsula Real Estate Market UpdatePeninsula real estate activity year-over-year was down in units and up in dollar volume. This reflects the lack of inventory and the high price appreciation we have continued to see. The median price for homes sold in San Mateo County rose 17%, while Santa Clara County rose 13%, and San Francisco 15%. Multiple offers and overbids were still common.Predictions for 2016 seem to be more of the same, with possible appreciation leveling out in the high single digits. Housing market fundamentals are strong, job and income growth are positive, mortgage rates are low and should remain low in 2016, lending standards are more reasonable than they were a year ago, and household formation is rebounding. Overall, 2016 should prove to be a year similar to 2015.For details about your own town, go to www.apr.com/market-reports.If you are thinking about moving this year, it will be vital to work closely with an experienced agent to navigate this challenging market. We will be happy to help you.