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Quick Take:
Median sale prices in the East Bay have declined for six straight months.
Inventory remains higher on a year-over-year basis as sales slow.
Homes are spending more time on the market.
Note: You can find the charts/graphs for the Local Lowdown at the end of this section.
Prices continue to soften across the East Bay
For the sixth month in a row, the East Bay saw year-over-year price declines in July.
Single-family homes: Median prices fell 2.08% in Alameda County and 6.56% in Contra Costa County.
Condos: Median prices dropped 11.54% in Contra Costa and 16.00% in Alameda.
While prices are down, they’re stabilizing — not accelerating downward — signaling the market is adjusting, not collapsing.
Inventory remains elevated
Rising inventory and fewer sales are the main drivers behind price softening.
Alameda County: 6.17% fewer sales, 15.68% more active listings.
Contra Costa County: 24.82% fewer condo sales, 9.48% more active condo listings.
New condo listings were also down 10.58% year-over-year.
More days on market
Homes are taking longer to sell compared to last year.
Single-family homes: 16 days in Alameda and 18 days in Contra Costa, compared to 13 last year.
Condos: 31 days in Alameda and 35 days in Contra Costa, compared to 19 and 24 last year.
Single-family = seller’s market; condos = buyer’s market
Single-family: 2.1 months in Alameda, 2.7 months in Contra Costa → seller’s markets.
Condos: 4.5 months in Alameda, 4.2 months in Contra Costa → buyer’s markets.
Stay up to date on the latest real estate trends.
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