Market Updates

Alameda County Second Quarter Market Report

July 24, 2018

As in the previous few quarters in Alameda County, inventory is still very tight, sales prices have generally risen (from 4% in Piedmont to 16% in Albany, year to date), and days on the market have continued to decline. While affordability remains an issue, its effects have been dampened by the sheer lack of inventory that might otherwise have led to a more moderate price rise.

Similarly, though interest rates have begun to increase, hovering in the 4% range, buyers have intensified their pursuit, knowing that rates are likely to rise even further.

Our outlook for the remainder of the year is for more of the same.

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