Local Real Estate Market* Update, 4th Quarter 2018
683 homes were sold during the quarter ended December 31, 2018, down 4% from the 713 sold in the same period last year. The median price rose 4% to $1,040,000 up from $1,000,000 in the same period last year.
Properties sold in 24 days on average during the current quarter compared to 20 days last year. At the date of this newsletter, there are 134 homes available for sale (2.5 weeks of inventory) compared to 40 at the same 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 December 31, 2018. 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