Your Weekly Market Update, Let's have a chat! July 10, 2024

Hello everyone!

Here is your latest Bay Area Market Update! As always, please let me know if you have any questions.
 
REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 7/10/2024

• Months Supply of Inventory: up from last week: 2.1 months (was 2) Still a Sellers' market, because inventory is moving quickly
• # of New Properties on Market Last 7 Days: down from last week: 258 (was 353)
• # of Properties Under Contract Last 7 Days: down from last week: 206 (was 241)
• # of currently Available Properties: down from last week: 2,016 (was 2,079)
• Median Listing Price
  Single Family: up from last week: $1.28mil (was $1.25mil)
  Condos/Townhomes: up from last week: $749k (was $692k)
  Multi-unit up to 4 units: down from last week: $900k (was $985k)
• Median Sold Price (last 30 days)
  Single Family: slightly down from last week: $1.33mil (was $1.34mil)
  Condos/Townhomes: slightly down from last week: $748k (was $750k)
  Multi-unit up to 4 units: same as last week: $1.1mil
• Median days on market: slower than last week: 14 (was 13)
• Homes Sold in the last 7 Days: down from last week: 177 (was 203)
• Homes Sold in the last 30 Days: down from last week: 951 (was 1,032)

Contra Costa County as of 7/10/2024

• Months Supply of Inventory: up from last week: 2 months (was 1.9): still a Sellers' market, because inventory is moving quickly
• # of New Properties on Market Last 7 Days: down from last week: 265 (was 325)
• # of Properties Under Contract Last 7 Days: up from last week: 234 (was 207)
• # of currently Available Properties: slightly up from last week: 1,824 (was 1,820)
• Median Listing Price
  Single Family: up from last week: $900k (was $850k)
  Condos/Townhomes: up from last week: $575k (was $495k)
  Multi-unit up to 4 units: up from last week: $1mil (was $900k)
• Median Sold Price (last 30 days)
  Single Family: up from last week: $890k (was $850k)
  Condos/Townhomes: up from last week: $655k (was $495k)
  Multi-unit up to 4 units: down from last week: $884k (was $900k)
• Median days on market: quicker than last week: 13 (was 14)
• Homes Sold in the last 7 Days: down from last week: 156 (was 196)
• Homes Sold in the last 30 Days: down from last week: 899 (was 948)
   

Marin County as of 7/10/2024

• Months Supply of Inventory: up from last week: 1.8 months (was 1.5) Sellers' market, because inventory is moving quickly
• # of New Properties on Market Last 7 Days: down from last week: 24 (was 29)
• # of Properties Under Contract Last 7 Days: down from last week: 49 (was 67)
• # of currently Available Properties: down from last week: 435 (was 451)
• Median Listing Price
  Single Family: down from last week: $1.47mil (was $1.8mil)
  Condos/Townhomes: down from last week: $675k (was $749k)
  Multi-unit up to 4 units: not enough sample size to compare (was $1.6mil last week)
• Median Sold Price (last 30 days)
  Single Family: up from last week: $1.74mil (was $1.7mil)
  Condos/Townhomes: up from last week: $720k (was $650k)
  Multi-unit up to 4 units: $900k
• Median days on market: quicker than last week: 20 (was 21)
• Homes Sold in the last 7 Days: down from last week: 38 (was 50)
• Homes Sold in the last 30 Days: down from last week: 237 (was 260)

If there's a specific city or neighborhood you're interested in, please let me know!

Have a beautiful week!

Best,
Basak