Union City's Supply of Homes for sale is down 11% while Demand is down 7%

By
Real Estate Agent
Median For Sale vs. Median Sold
Aug-10 vs. Aug-11: The median price of for sale properties is up 9% and the median price of sold properties is down 6%
Aug-10 vs. Aug-11
FOR SALE
Aug-10 Aug-11 Change %
357,500 389,900 32,400 +9%
Aug-10 vs. Aug-11
SOLD
Aug-10 Aug-11 Change %
400,000 378,000 -22,000 -6%

 

 

Supply & Demand by Month
Aug-10 vs. Aug-11: The number of for sale properties is down 11% and the number of sold properties is down 7%
Aug-10 vs. Aug-11
FOR SALE
Aug-10 Aug-11 Change %
270 241 -29 -11%
Aug-10 vs. Aug-11
SOLD
Aug-10 Aug-11 Change %
46 43 -3 -7%

The Supply & Demand picture of Union City is more promising as the demand declined by 7% whereas the supply is down by a steeper 11%, which is further supported by the less dramatic decline of median sale price.  If you have any questions regarding this post, please feel free to contact me. 

If you or someone you know owe more than your home's worth and don't know what to do, please call me for a confidential consultation to help you explore your options. As a Certified Distressed Property Expert and a Real Estate Broker for over 10 years, I CAN HELP.

Comments (2)

Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Always better when supply is down more than demand!

Sep 01, 2011 01:33 PM
Deborah D
San Ramon, CA

Yes Liz. Thanks for your comment.

Sep 01, 2011 09:07 PM