OAKLAND LEADS COUNTRY IN SHORTEST MEDIAN DAYS ON MARKET

As figures in Pacific Union’s Q4 2013 quarterly real estate report demonstrate, buyers in our East Bay region contended with several factors in the final month of 2013, including a pronounced lack of inventory and above-list average sales prices. A recent report from the National Association of Realtors underscores just how hot the East Bay market is, with the Oakland metro area leading the U.S. in shortest days on market. 

In December, Oakland homes for sale stayed on the market an average of 48 days, eight days fewer than the No. 2 metro area on the list. Five of the regions in the top 10 are in California, including San Jose and San Francisco. 

Year-over-year prices grew a healthy 24.9 percent in Oakland — the ninth-largest increase in the nation. Of the 10 metro areas in the country with the biggest yearly price gains, seven are located in California.

Article courtesy of PacificUnion.com

Saraya and Simon Motley
Pacific Union and Christie’s International Real Estate
Serving Alameda & Contra Costa Counties
510.459.4338/direct . 925.385.8503/direct
925.403.7802/eFax
saraya@eastbayhouse.com
www.eastbayhouse.com
CalBRE License #01265873 

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