Real estate activity in Livermore was slowest in December compared to the last 12 months:
- There were fewer homes sold.
- Home prices declined.
- Marketing time was longer.
- New listings dropped.
With 253 active listings and 186 pending sales, Livermore has about 5 months’ worth of housing inventory, i.e., based on the past 3 month-average, it will take 5 months to clear out the current properties on the market.
Regular sales dominate the housing market, although short sales are held up in the pending pipeline.
About Livermore:
Livermore is located in the easternmost side of the San Francisco Bay Area, next to the Central Valley. It is home to about 90 thousand residents. Livermore is well-known for its wineries, over 40 of them, sprawled across the Livermore Valley, California’s oldest wine region. Lawrence Livermore National Laboratory, which serves the government’s nuclear research and development needs, is the city’s largest employer.
It is wise to assess the market condition, including home prices, before making that giant step in pursuit of the American dream!
Always available for your questions!
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