Your Weekly Market Update - July 3, 2024

Good morning 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 7/3/2024

• 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: 353 (was 484)
• # of Properties Under Contract Last 7 Days: down from last week: 241 (was 263)
• # of currently Available Properties: down from last week: 2,079 (was 2,143)
• Median Listing Price
  Single Family: same as last week: $1.25mil (was $1.25mil)
  Condos/Townhomes: down from last week: $692k (was $748k)
  Multi-unit up to 4 units: down from last week: $985k (was $1.1mil)
• Median Sold Price (last 30 days)
  Single Family: down from last week: $1.34mil (was $1.4mil)
  Condos/Townhomes: down from last week: $750k (was $760k)
  Multi-unit up to 4 units: up from last week: $1.1mil (was $975k)
• Median days on market: slower than last week: 13 (was 12)
• Homes Sold in the last 7 Days: down from last week: 203 (was 246)
• Homes Sold in the last 30 Days: up from last week: 1,032 (was 997)

Contra Costa County as of 7/3/2024

• Months Supply of Inventory: down from last week: 1.9 months (was 2): still a Sellers' market, because inventory is moving quickly
• # of New Properties on Market Last 7 Days: down from last week: 325 (was 410)
• # of Properties Under Contract Last 7 Days: down from last week: 207 (was 239)
• # of currently Available Properties: about the same as last week: 1,820 (was 1,822)
• Median Listing Price
  Single Family: down from last week: $850k (was $885k)
  Condos/Townhomes: down from last week: $495k (was $588k)
  Multi-unit up to 4 units: same as last week: $900k (was $900k)
• Median Sold Price (last 30 days)
  Single Family: down from last week: $850k (was $925k)
  Condos/Townhomes: down from last week: $495k (was $620k)
  Multi-unit up to 4 units: up from last week: $900k (was $863k)
• Median days on market: slower than last week: 14 (was 12)
• Homes Sold in the last 7 Days: down from last week: 196 (was 200)
• Homes Sold in the last 30 Days: up from last week: 948 (was 925)
  
  

Marin County as of 7/3/2024

• Months Supply of Inventory: down from last week: 1.5 months (was 1.9) Sellers' market, because inventory is moving quickly
• # of New Properties on Market Last 7 Days: down from last week: 29 (was 72)
• # of Properties Under Contract Last 7 Days: down from last week: 67 (was 88)
• # of currently Available Properties: down from last week: 451 (was 497)
• Median Listing Price
  Single Family: up from last week: $1.8mil (was $1.5mil)
  Condos/Townhomes: down from last week: $749k (was $800k)
  Multi-unit up to 4 units: up from last week: $1.6mil (was $1.1mil)
• Median Sold Price (last 30 days)
  Single Family: down from last week: $1.7mil (was $1.8mil)
  Condos/Townhomes: down from last week: $650k (was $683k)
  Multi-unit up to 4 units: not enough sample size to compare
• Median days on market: slower than last week: 21 (was 19)
• Homes Sold in the last 7 Days: down from last week: 50 (was 64)
• Homes Sold in the last 30 Days: about the same as last week: 260 (was 261)

If there's a specific city you would like to know about, please let me know!

Wishing you all a fantastic week ahead!

Best,
Basak