Saturday, December 10, 2005

The Latest East Bay Market Data

The increase in inventory in the East Bay has settled down and the residential real estate market appears to be healthy going into the holidays. There are 3,976 active listings that we counted in our East Bay MLS, which is down 11% from the high of 4,441 listings on November 8th.

The Pending/Active for ratio for Berkeley is coming in at 0.867 this week with 83 active listings. The P/A ratio for Oakland is 0.595 with 719 active listings.

The average DOM for active listings in Berkeley is now 43 days and in Oakland it's 40 days.

It will be interesting to see how much of the lower inventory levels are related to seasonal cycles since most people, if given the choice, will usually wait until after the holidays to put their homes on the market.

If you notice on the left hand sidebar, I've accumulated quite a few listings & most of them are still active. Heading into the weekend, I just wanted to shine the spotlight on them again. If you're looking in the North Oakland/South Berkeley area, I've got plenty of inventory. Check out the VisualTours & call me with any questions.

I'll be personally holding 1237 Carrison St in Berkeley open again tomorrow. If you're going to be in the neighborhood, stop by and say hi.