Glen Bell from My East Bay Agent had some interesting things to say about the East Bay Market this month. It seems that inventory and pending sales crept up slightly since last February: pendings were up 3.1% and supply remained steady at 3.3 months (months supply at this time last year was 2.5 months).
The pending/active ratio also had a slight increase which shows that while we are still in a buyer’s market, we are trending back to normal.
Sales remain pthhth. Days on market is increasing while median prices are decreasing, as is the average sales price. Sales price to list price is also coming down.