Market News

The decline in the number of sellers putting their homes on the market continues to be a factor in the balance between supply and demand, in the recovery in home prices, and the decline of overall sales volumes.              

The post Lamorinda Home Prices, Market Conditions & Trends September 2023 first appeared on PEB.

After the usual summer slowdown from spring, the autumn selling season began after Labor Day and runs until early-mid November, when the market typically begins its big, mid-winter holiday slowdown.            

The post Diablo Valley Home Prices, Market Trends & Conditions September 2023 first appeared on PEB.

Generally speaking, the market rebounded much more strongly in 2023 than seemed possible at the end of 2022, when, after hitting historic peaks during the pandemic boom, economic and demand indicators hit their lowest points since the great recession.            

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends September 2023 first appeared on PEB.

Included are charts reviewing both annual home prices for a broad review of appreciation trends, and then 3-month-rolling prices for insight into shorter-term changes.          

The post Lamorinda Home Prices, Market Conditions & Trends August 2023 first appeared on PEB.

Along with the recovery in buyer demand and improvements in the general economy, this has been a defining factor in 2023’s market conditions.        

The post Diablo Valley Home Prices, Market Trends & Conditions August 2023 first appeared on PEB.

Underlying economic dynamics – interest rates, inflation, financial markets, employment – remain on the same general tracks as in recent months. The Consumer Confidence Index jumped in July, hitting its best reading since October 2021: The Index is now about halfway between its historic low in June 2022 and the pre-pandemic reading in February 2020. …

Continue reading “Oakland-Berkeley Inner East Bay Home Prices, Market Trends August 2023”

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends August 2023 first appeared on PEB.

Of all the factors at play, perhaps the biggest wild card has been severely depressed new-listing activity as potential sellers have held back – ascribed to the “mortgage lock-in effect” – which not only artificially constrained the number of sales, but put upward pressure on prices as buyers, once again, competed for an inadequate supply …

Continue reading “Lamorinda Home Prices, Market Conditions & Trends July 2023”

The post Lamorinda Home Prices, Market Conditions & Trends July 2023 first appeared on PEB.

For most Bay Area markets, summer has historically been a slower period after spring – with some regions, such as San Francisco, seeing a relatively short (6 to 8 week) spike up in activity in autumn before the big midwinter slowdown – but typical seasonal trends have been upended a few times in recent years. …

Continue reading “Diablo Valley Home Prices, Market Trends & Conditions July 2023”

The post Diablo Valley Home Prices, Market Trends & Conditions July 2023 first appeared on PEB.

Ultimately, the market is defined by neither just demand nor supply, but by the balance between the two.              

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends July 2023 first appeared on PEB.

Median home sales prices have been climbing rapidly in recent months, though remaining well below peak prices hit in spring 2022. The number of new listings coming on market over the past 12 months was the lowest in over 20 years (and almost certainly much longer).          

The post Lamorinda Home Prices, Market Conditions & Trends June 2023 first appeared on PEB.