Your Weekly Market Update - June 19, 2024

Happy Wednesday 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 6/19/2024
- Months Supply of Inventory: 1.9 months (down from last week) Still a Sellers' market, because inventory is moving quickly
- # of New Properties on Market Last 7 Days: 422 (down from last week)
- # of Properties Under Contract Last 7 Days: 222 (about the same as last week)
- # of currently Available Properties: 1,842 (slightly down from last week)
- Median Listing Price
Single Family: $1.2mil (down from last week)
Condos/Townhomes: $680k (slightly down from last week)
Multi-unit up to 4 units: $1.1mil (down from last week)
- Median Sold Price (last 30 days)
Single Family: $1.4mil (same as last week)
Condos/Townhomes: $813k (down from last week)
Multi-unit up to 4 units: $1.5mil (up from last week)
- Median days on market: 13 (up from last week)
- Homes Sold in the last 7 Days: 223 (up from last week)
- Homes Sold in the last 30 Days: 1,020 (up from last week)

Contra Costa County as of 6/19/2024
- Months Supply of Inventory: 1.8 months (down from last week): still a Sellers' market, because inventory is moving quickly
- # of New Properties on Market Last 7 Days: 381 (down from last week)
- # of Properties Under Contract Last 7 Days: 215 (slightly down from last week)
- # of currently Available Properties: 1,793 (up from last week)
- Median Listing Price
Single Family: $910k (down from last week)
Condos/Townhomes: $575k (down from last week)
Multi-unit up to 4 units: $800k (down from last week)
- Median Sold Price (last 30 days)
Single Family: $940k (down as last week)
Condos/Townhomes: $619k (down from last week)
Multi-unit up to 4 units: $866k (down from last week)
- Median days on market: 14 (up from last week)
- Homes Sold in the last 7 Days: 227 (up from last week)
- Homes Sold in the last 30 Days: 982 (up from last week)

Marin County as of 6/19/2024
- Months Supply of Inventory: 1.9 months (down from last week) Sellers' market, because inventory is moving quickly
- # of New Properties on Market Last 7 Days: 70 (up from last week)
- # of Properties Under Contract Last 7 Days: 79 (down from last week)
- # of currently Available Properties: 514 (down from last week)
- Median Listing Price
Single Family: $1.7mil (up from last week)
Condos/Townhomes: $824k (up as last week)
Multi-unit up to 4 units: $1.42mil (down from last week)
- Median Sold Price (last 30 days)
Single Family: $1.9mil (same as last week)
Condos/Townhomes: $748k (down from last week)
Multi-unit up to 4 units: $1.6mil (up from last week)
- Median days on market: 22 (slower than last week)
- Homes Sold in the last 7 Days: 51 (down from last week)
- Homes Sold in the last 30 Days: 273 (up from last week)

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

Wishing you all a wonderful week ahead!

Best,
Basak