After a strong three months of home sales Alameda saw a buying drop 48 percent in November. The positive is we saw a couple or additional sales over November of last year.
For the month, Alameda had 34 properties change hands. The best news for home sellers was 16 of the 34 properties sold above the list price. This is a big change in how buyers are reacting in the Alameda real estate market. On average homes are selling right at list price.
One reason for the shift is the decline in both the median and average sale price for November. The median price for an Alameda home was $520,000 and the average was $538,412 this past month. The month over month change was a decline of 8.4 and 8.8 percent, respectively.
For the complete post see: http://94501realestate.blogspot.com/2009/12/alameda-home-sales-drop-in-november.html
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