I've tracked the pending and active sales in El Cerrito along with 34 other East Bay Cities since July of 2005. Pending and Active Sales give us a better idea on how the market is doing on local levels. At the very peak of the market, during 2004 through the middle of 2005, there were more pending sales than homes for sale. Basically, there were more buyers than there were homes to buy. Now, in most cities, there are far more homes for sale than pending. El Cerrito doesn't always follow the trends of the Greater Bay Area. Compared to Albany, Kensington & North Berkeley, it remains a bargain that appeals due to its central location and proximity to the nearby shops & culture of it's neighbors. It boasts having two BART stations plus there's an abundance of parks. It has become an affordable and attractive alternative. The Bay Area as a whole now has over a 7 months supply of homes. Not so in El Cerrito. It remains relatively low at a modest 2.7 moths.
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