Your Weekly Market Update - June 5, 2024

Good morning everyone!

Here is your first June weekly 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 6/5/2024

• Months Supply of Inventory: 1.8 months (down from last week) Sellers' market, because inventory is moving quickly

• # of New Properties on Market Last 7 Days: 482 (up from last week)

• # of Properties Under Contract Last 7 Days: 254 (down from last week)

• # of currently Available Properties: 1,999 (up from last week)

• Median Listing Price

  Single Family: $1.15mil (down from last week)

  Condos/Townhomes: $630k (down from last week)

  Multi-unit up to 4 units: $995k (down from last week)

• Median Sold Price (last 30 days)

  Single Family: $1.4mil (up from last week)

  Condos/Townhomes: $825k (up from last week)

  Multi-unit up to 4 units: $980k (down from last week)

• Median days on market: 11 (same as last week)

• Homes Sold in the last 7 Days: 301 (up from last week)

• Homes Sold in the last 30 Days: 1011 (up from last week)

   

Contra Costa County as of 6/5/2024

• Months Supply of Inventory: 1.7 months (same as last week): Sellers' market, because inventory is moving quickly

• # of New Properties on Market Last 7 Days: 413 (up from last week)

• # of Properties Under Contract Last 7 Days: 244 (slightly down from last week)

• # of currently Available Properties: 1,668 (up from last week)

• Median Listing Price

  Single Family: $900k (down from last week)

  Condos/Townhomes: $627k (up from last week)

  Multi-unit up to 4 units: $560k (up from last week)

• Median Sold Price (last 30 days)

  Single Family: $950k (same as last week)

  Condos/Townhomes: $650k (up from last week)

  Multi-unit up to 4 units: $835k (down from last week)

• Median days on market: 11 (same as last week)

• Homes Sold in the last 7 Days: 252 (up from last week)

• Homes Sold in the last 30 Days: 960 (up from last week)

   

Marin County as of 6/5/2024

• Months Supply of Inventory: 2.1 months (down from last week) Sellers' market, because inventory is moving quickly

• # of New Properties on Market Last 7 Days: 98 (up from last week)

• # of Properties Under Contract Last 7 Days: 78 (up from last week)

• # of currently Available Properties: 531 (up from last week)

• Median Listing Price

  Single Family: $1.8mil (down from last week)

  Condos/Townhomes: $675k (down from last week)

  Multi-unit up to 4 units: $1.15mil (down from last week)

• Median Sold Price (last 30 days)

  Single Family: $1.9mil (same as last week)

  Condos/Townhomes: $803k (down from last week)

  Multi-unit up to 4 units: $1.3mil (same as last week)

• Median days on market: 16 (slower than last week)

• Homes Sold in the last 7 Days: 86 (up from last week)

• Homes Sold in the last 30 Days: 256 (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 and weekend ahead and stay cool!

Best,
Basak