Local Real Estate Market* Update, First Quarter 2022
Updated: Apr 1
562 homes were sold during the quarter ended March 31, 2022, down 16% from the 668 sold in the same period last year. The median price jumped 10% to $1,400,000, up from $1,270,000 in the same period last year as inventory remained limited, driving up prices. Properties sold in 19 days on average during the current quarter, slightly slower than 18 days in the same quarter last year. At the date of this newsletter, there are 233 homes available for sale (5 weeks of inventory) compared to 207 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 April 1, 2022. 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