OCTOBERUPDATEBY
Things I love about October…
Changing of the leaves
The angle of the Sun as it sets
Warm days and cool nights
Pumpkin flavored anything
Wearing boots again
Cinnamon-scented everything
Fresh Apple Cider
Harvest festivals in the Wine country
Halloween costumes and candy
But most importantly, There are great opportunities for Buyers to get a home before the holidays, and it’s the right time for Sellers to start planning for next year.
Check out the latest market trends.
Currently, there's a low supply of inventory, with only 1.42 months of supply available. This means the market is highly competitive and a great time for sellers to list their homes.
Over the last 12 months, the monthly supply of Inventory has shown a positive growth of +11.81%. This indicates a steady increase in housing demand, which may lead to potential appreciation in property values.
The List to Sold Price percentage is an impressive 112.6%. This signifies that homes in Alameda often sell above the listing price, which is excellent news for sellers maximizing their returns.
Homes in Alameda are staying on the market for a short time! The median days on market is just 12 days. Buyers must be proactive and act swiftly to secure their dream home in this competitive market.
The median Sold Price in Alameda currently stands at $1,177,500. This figure represents the midpoint of all home sales and gives you an idea of the general pricing trends in the area.
Are you looking for more detailed information or interested in buying or selling? Contact me, and I can fine-tune the statistics for your situation. I'm here to guide you through the process and help you make informed decisions. Let’s navigate the real estate market together!
