Local Real Estate Market* Update, Second Quarter 2022
924 homes were sold during the quarter ended June 30, 2022, down 12% from the 1,054 sold in the same period last year. The median price jumped 9% to $1,577,505, up from $1,445,500 in the same period last year as inventory remained limited, driving up prices. Properties sold in 14 days on average during the current quarter, slightly slower than 13 days in the same quarter last year. At the date of this newsletter, there are 352 homes available for sale (5 weeks of inventory) compared to 258 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 June 30, 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