Market News

Diablo Valley Home Prices, Market Trends & Conditions June 2024

It is not unusual for home listing and sales activity to slow in summer.

 

 

 


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The post Diablo Valley Home Prices, Market Trends & Conditions June 2024 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends June 2024

82% of house sales and 44% of condo sales sold for over asking price in May.
House sales averaged a sales price almost 13% over asking price, while condos averaged a sale price about a half percent higher than asking price. Both were the highest percentages since mid-2022.

 

 


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The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends June 2024 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends May 2024

Economic conditions can be subject to significant volatility, even over the short term.

 

 


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The post Lamorinda Home Prices, Market Conditions & Trends May 2024 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions May 2024

Buyers and sellers seem to be taking the recent rise in interest rates in stride, and moving forward with life plans.

 

 

 


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The post Diablo Valley Home Prices, Market Trends & Conditions May 2024 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2024

Mortgage interest rates to climb back above 7% – though remaining well below rates seen last fall.

 


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The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2024 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends April 2024

Based on current indicators – especially the surge of listings going into escrow and, most importantly, what is being experienced on the ground as new listings arrive on the market, deals are negotiated, and homes go into contract, significant home price increases may well begin to show up in coming months.

 


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The post Lamorinda Home Prices, Market Conditions & Trends April 2024 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions April 2024

Both the latest national and San Francisco unemployment readings, at 3.8%, remain close to historic lows.

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The post Diablo Valley Home Prices, Market Trends & Conditions April 2024 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends April 2024

In the 8 weeks through early April, the weekly average, 30-year conforming-loan interest rate has oscillated between 6.74% and 6.94%: Up from January, but still well down from last fall.

 

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The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends April 2024 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends March 2024

The market is heating up is illustrated across a range of indicators included in this report, indicators which will almost certainly continue to improve in coming months. Spring is typically the strongest selling season of the year.

 

 

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The post Lamorinda Home Prices, Market Conditions & Trends March 2024 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions March 2024

The factors at play include a rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (AI).

 

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The post Diablo Valley Home Prices, Market Trends & Conditions March 2024 first appeared on PEB.

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