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car: Glen's Market Data - Months Supply - 07/10/07 08:50 PM
This is a revision from the May Post as an update for what the months supply is doing on a city by city basis for Contra Costa & Alameda Counties.
What is months supply?  Basically, months supply is the ratio of inventory to sales.  And what it tells us is how many months the stock of homes for sale would last, if sales continued at their current rate.
See how your City's doing.
We currently have a 7.5 month supply of homes in the entire SF Bay Area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point at … (0 comments)

car: Unsold Inventory Index - 05/29/07 11:12 PM
The unsold inventory index has climbed to 6.8 months for the San Francisco Bat Area, based on numbers derived from EBRDI, (East Bay MLS services). We haven't seen relative numbers like this since the late 1990's.
 The unsold Inventory Index tells us how long it would take to sell the existing supply of homes on the market if no more homes were added for sale.
Still, this is much better than California as a whole and put in historical perspective, close to the long run average since 1988 as viewed by the historical chart below.
 Source: California Association of Realtors
....And it is even much … (0 comments)

car: East Bay Months Supply by City, May 2007 - 05/15/07 07:10 PM
We currently have a 6.5 month supply of homes in the area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point at which you would have an equal number of sellers and buyers. Considerably less, would be considered a "seller's" market, while anything more than that number would be considered a "buyer's" market. Since 1988, our low in California has been 1.3 months in April of 2004. It was even less than that in the San Francisco Bay Area. Our high was in February of 1991 at 18.8 months. The long run average has been … (0 comments)

car: Glen's East Bay Market Trends - 05/15/07 06:16 PM
We, as real estate agents, have access to the MLS, and are able to extract up to the minute information to give us a better clue as to what's really happening in your neighborhoods.
However, these bits of information that we are able to pull are only snapshots. Tracking these numbers over time gives us the ability to spot trends. These trends may be subject to our interpretation, but they do give us an up to date insight on a market so that we are able to make a more well informed real estate decision
How many homes are for sale in your … (0 comments)

 

Glen Bell

El Cerrito, CA

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Better Homes & Gardens, Mason McDuffie

Address: 2095 Rose St, Suite 100, Berkeley, Ca, 94709

Office Phone: (510) 868-1494

Cell Phone: (510) 333-4460

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