Livermore Detached Homes, January 2012 Median Sale Vs. Sold

Is that optimisim I see, or just more sellers at varying price points entering the market after the holidays? It may darn well be a reflection of the limited inventory.  And with the median 'sold' price rising as well, it certainly seems that supply and demand is showing a positive response.

Livermore Detached Homes, January 2010. Average Days on Market

This is an amazing change. Days on market was very high comparing last year to this year. The spike in the summer and fall is somewhat predicatable as spring buyers exit the market and inventory builds a bit. Over the holidays when fewer sellers put homes on the market the inventory drops dramatically, resulting in the huge drop in days on market.

Livermore Detached Homes, January 2012, Supply & Demand

This graph gives more clarity to the overall picture  - buyers are seeing the true value in this market and are out there purchasing houses with mortage payments less than rents in some many cases.  Inventory down 17% and demand up nearly 50%.  Are you a would-be seller?  There are buyers out there who need you!

Livermore Detached Homes, January 2012 Months Supply Inventory

And here it is in a nutshell. If you are a buyer, expect that it may take a while to find a suitable house in your price range, with inventory this low.  Supply down 61% is a huge drop.  If you are a seller waiting for the spring market, you may reconsider. If your home was on the market now, you'd face a lot less competition.

Karen Crowson on Zillow

Tri Valley real estate for buyers and sellers. Search for homes in Livermore, Pleasanton, and Dublin.

I can also help you in the surrounding areas of Alameda County and Contra Costa County

including Castro Valley, San Leandro, San Lorenzo, San Ramon, Danville, Brentwood and Mountain House

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Karen Crowson, ABR, SRES, Livermore, CA

Livermore, CA

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Alain Pinel Realtors, Pleasanton, CA

Address: 900 Main St., Pleasanton, CA, 94566

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Real estate market and local information for the Tri Valley communities of Livermore, Pleasanton, and Dublin, CA. Search for homes for sale, things to see and do, what it's like to live here.


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