The Local Lowdown

Quick Take:

• Condo prices continue a multi-month decline.

• Inventory peaked recently but remains above last year’s levels.

• Homes are spending more time on market compared to last year, but still moving relatively quickly.
  
  

Price Trends

The condo market recorded its fifth straight month of year-over-year price drops—-11.41% in Alameda County and -8.25% in Contra Costa County. Single-family home values in Alameda have also declined for five months, while Contra Costa saw a small uptick (+1.99%) last month.

Inventory Picture

Inventory appears to have peaked in recent months and is now slightly declining. Still, single-family inventory is 20.05% higher year-over-year, and condos are 13.15% higher.

Days on Market

Homes are taking 25–35% longer to sell than last year. However, absolute days on market remain competitive—15 days for Alameda single-family homes, 17 days for Contra Costa, and 25–31 days for condos.

Market Balance

The single-family market remains seller-dominated with 2.3 months of supply in Alameda and 2.8 months in Contra Costa. Condos lean toward buyers’ markets at 4.7 months and 3.9 months, respectively.

Bottom Line:

The East Bay’s single-family homes still favor sellers, but condos offer room for negotiation. Despite longer selling timelines compared to last year, the market remains active.