Are you looking for a home or property in Alamo, CA? If you are in the process, or getting ready to, start your Alamo home search, now is the time to get started. Interest rates are still at historic lows and home prices have dropped to reasonable levels compared to 1 or 2 years ago. You will of course need to qualify for a loan but if you have the down payment, good credit scores and work history it can be done.
I'll be posting my yearly "History of Home Prices" here in just a few days. In the meantime this is the current Alamo, CA housing market summary.
Active Listings= 76
(Currently for sale properties.)
Pending in last 30 days= 7
(Includes one subject to lender approval.)
Sold= 12
(Closed escrow in the last 30 days.)
Months of Inventory= 10.86
(Number of months to sell current inventory at this rate of Pending sales per month.)
Below for comparison are the numbers from July 2009, we've seen an improvement in the housing market.
132 active listings
14 Pending Sales
13.2 months of inventory
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