Keeping You Current with the Alameda Market
Inventory is slightly up from this time last year, but not by much…
There are just over 36 Single Family/Condo/Townhouses and 7 multi-family properties on the market on the island. With less than 1 month left of Spring, it doesn’t look like things are slowing down any time soon. Pre-COVID, the busiest time of the home buying season started in early February and tapered off by mid July/early August. There is nothing regular about our current market.
This seems to be felt by the rest of the country – here’s the headline from Inman News (a Realtor News Service) “March home prices increased by 13.2% from a year ago, the largest gain since 2015. Home prices have risen for 10 consecutive months and are climbing more rapidly with each month due to inventory shortages, according to the latest S&P/Case-Shiller U.S. National Home Price Index released Tuesday. Those gains are the highest they have been since December 2005.”
While this sounds daunting to current homebuyers, there is still room for growth when it comes to Bay Area Real Estate. Let me know if you are curious about what I mean – we can discuss!
Condo, Townhouse & Single Family Properties (5/25/21)