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Snap shot of real estate market in Alameda- May 26 - June 3, 2012
 
Snap shot of Alameda real estate market - May 26 - June 3, 2012This is a snap shot of the Alameda real estate market activity for the week of May 26 to June 3, 2012:
New homes on the market................................... 17 Price changes........................................................ 8 Homes that sold.................................................... 11 Pending activity - all, not just last week ..............151 All properties currently on the market ...................60 Condos currently on the market ............................11 Townhouses currently on the market ....................11 Distressed properties: Bank owned properties...... 7 Short Sales............................................................. 4 Average days on the market (all properties).......... 44
This snap shot shows that inventory of all property types is still low but more homes are coming on the market.  Single family homes, condos and townhouse are all still moving off the market quickly compared to last year.  The most startling statistic is the fact that the average days on the market has decreased from 65 days to 44 day or a 30% decrease.Prices are starting to rise, however, the week’s increase in inventory and lowered sales for the week may indicate that the market is slowing due to summer vacation.  Only time will tell.  A week is too small a unit to predict with ... more

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