Local Real Estate Market* Update, 3rd Quarter 2020
852 homes were sold during the quarter ended September 30, 2020, up 18% from the 725 sold in the same period last year. The median price rose 7% to $1,200,000, up from $1,125,000 in the same period last year. Properties sold in 17 days on average during the current quarter, faster than 19 days in the same quarter last year. At the date of this newsletter, there are 335 homes available for sale (5 weeks of inventory) compared to 361 homes at this time last year.
*detached homes over $450,000 in Albany, Berkeley, El Cerrito, Kensington, Piedmont and Oakland zip codes 94602, 94605, 94608, 94609, 94610, 94611, 94612, 94618, 94619. Based on information from the MLS as of October 2, 2020. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.