What’s Going On With Real Estate?


Now that buyers have resumed home shopping, how has the market been overall?

The numbers for May are in. The most striking piece of data for me is the number of homes sold year to date last year versus this year. We are about 62% of homes sold compared to last year in Alameda. March and April were understandably slow. I am not sure how much we can recover for the remainder of the year as many sellers are waiting to put their homes on the market, driving supply down.

Data for May 2020 – Townhomes and Condos

Data for May 2020 – Single family homes

Interest Rates this Week

The rates have dropped this week and are hovering around 2.875-3.125% for a 30 Year fixed loan. This drop will likely encourage more buyers to enter the market.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week only 3 homes have sold in Alameda (1 under list price, 1 at list price, 1 over list price)
This time last year, 8 homes sold (1 at list price, 7 over list price)


As always, let me know if I can be of service.

I hope you and your family continue to stay well,


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