Are we at the peak of the market in the San Francisco bay area?

[Scott Allison]

I live in the East Bay, in Concord to be precise and prices here are at an all-time high. I've been thinking for a few years about cashing out here in my primary residence and relocating somewhere cheaper, like Las Vegas and living there for the long term. It would potentially let me move more quickly with investments, having freed up some capital. On top of this, I'm thinking of renting in Vegas for a year and waiting until the market bottoms out there before buying.

What do you all think? I know it's hard to time the market but I feel pretty confident that prices here will fall or stay flat, while prices in Vegas are likely to drop more significantly. My employer has already given me the OK to work remote.