Livermore, CA 94550, 94551 Detached Homes Market Report, February 2012

Real Estate Agent with Coldwell Banker Residential Brokerage BRE#01732313

The Livermore market is hot.....well it does depend upon your point of view.  The median price is certainly down a little than the same time last year. However, there are fewer homes available to purchase right now, and that can be part of the problem.  

Livermore, CA 94550, 94551 Median Sold Price, February 2012

olzjdg lsjrhk;ilbfnbi

Livermore, CA 94550, 94551 Average Days on Market

Average time on the market dropped from this same time last year. That's a common occurence when inventory is down.  Buyers are competing for the same properties in many instances, and they learn very quickly that they must respond timely or miss a property all together.

Livermore, CA 94550, 94551 Months Supply Inventory

This graph speaks volumes.  A nearly 60% drop in inventory levels (far below 4-5 months supply which is considered normal) has created some challenges for active buyers. They're ready, willing and able but they may not have a lot of choices of homes.  Listen up sellers - now is the time to get your house sold faster than we've experienced in the past couple of years - even in the past 6 months. Livermore, CA 94550, 94551 Supply & Demand, February 2012

What we're experiencing does say that the Livermore market is hot. Buyers are finding interest rates attractive, along with the low home prices.  This supply and demand graph clearly indicated that supply is less and demand is up considerably more.  There will be plenty of people kicking themselves later if they don't see the opportunities this market presents.

Active Rain Real Estate Recovery or NotWhy do so many people ask Real Estate agents, “How’s the Market?”  Because they know that information is local in nature - often hyper-local. What happens around the country may not be indicative of the state of California. Or my region – the Tri Valley. And within that region, we have different markets. My hometown of Livermore is different from neighboring Pleasanton and Dublin.

The Active Rain Corp., the largest social real estate network for industry professional recently conducted a survey – Real Estate Recover or Not, to take the pulse of agents in the field and get a sense of whether we deemed our local markets to be in a state of recovery (or not). 1835 agents participated in that survey, and the compilation results are interesting.

If you want an introspective read on your neighborhood, contact me direct for comparative market data.





This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
California Alameda County Livermore
Everything California
Posts to Localism
San Francisco Bay Area Real Estate
Market Reports
ca detached homes market report feb 2012

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Karen Crowson

Your Agent for Change
Request current market trends for the Tri Valley
Spam prevention

Additional Information