Alameda County
The Local Lowdown
Single-family home median sale prices declined slightly year-over-year. Inventories remain slightly higher than last year. Listings are spending more time on the market, with single-family homes taking more than 20 percent longer to sell.
After a brief pause in August, single-family home prices dipped in September by 1.59 percent in Contra Costa and 1.98 percent in Alameda. Listings remain within their historical price bands.
Condos saw larger declines, with Contra Costa dropping 4.21 percent year-over-year.
After summer inventory accumulation, September saw normalization. Single-family inventory is up only 2.41 percent year-over-year, and condo inventory is 6.75 percent higher. This is supported by nearly 10 percent more homes sold compared to last year.
Although listings are taking longer, they remain active. Alameda single-family homes spend 17 days on the market, up 21.43 percent year-over-year. Contra Costa spends 23 days, up 27.78 percent. Condo listings increased by 45.45 percent in Alameda and 37.50 percent in Contra Costa, averaging 32 and 33 days, respectively.
MSI confirms East Bay single-family homes in sellers territory: Alameda at 2.1 months, Contra Costa at 2.6 months. Condo markets are buyer-favored: Alameda 5 months, Contra Costa 4 months.
East Bay single-family homes remain in sellers market despite slight price dips, while condos continue to favor buyers. Inventory is stabilizing, and homes are still selling quickly relative to seasonal norms. Buyers and sellers need to act with awareness of local conditions.
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