hey it’s Tanja with your monthly trends
report for january of 2021.
so what happened in january of 2021 for
walnut creek pleasant hill concord and
martinez
so when we compare this past january to
january of last year in 2020
we can see that the number of homes
listed for sale right so this is the
inventory how many homes
are on the market the only walnut creek
went up by about 15
pleasant hill remained the same as
january of last year concord was down by
about 30 percent of martinez was down by
about 14
they’re uh somewhat up from december
walnut creek was up by 11
pleasant hill is actually down by 14
concord
uh up by six martinez up by a whopping
50 percent
so again we have to put this in context
of what does this
mean you know is this a lot of houses
for sale is this not
so one of the ways that we uh gauge that
is by using months worth of inventory
and the way
um you know this is this is understood
is it five
months or less worth of inventories
considered a seller’s market
and seven months or more is considered a
buyer’s market so right now
everyone is under one month’s worth of
inventory so this is a really strong
seller’s market because there’s just not
enough
homes for to meet the demand of all
those buyers you know right now
interest rates are super super
historically low and there are a ton
of buyers out there you know there’s
places that i’m hearing getting 16
offers 37 offers 20 offers and the
competition is really really fierce
so walnut creek has eight tenths of a
month pleasant hill is half a month
conquered six tenths of a month and
martinez has four tenths of a month
so um you know a lot of things play into
this because you know not all houses
and not all houses in a hot market are
the same level of hotness and you’ll
hear me say that over and over
and it’s because you know things like
the condition of the home the location
of the home
even the skills and the experience of
the realtor selling a home
are going to play a difference in how
fast the house sells and for how much
so with that being said the average sold
price
um in this past january when we compare
it to
january of the previous year they were
actually up in all four cities
some more than others walnut creek was
up only four percent pleasant hill was
up
23 that’s great concord was up 19
and martinez was only up by like 1
which is not really significant so i
just wanted to also put this
in context of some of the real estate
industry
experts and their predictions for the
2021 year on the national level
and i wanted to mention corelogic
because their prediction is that home
prices are going to continue to go up
but not as quickly as what we’ve seen
recently
and i like corelogic core logic is
really cool because they pray
base their predictions on data and facts
and not the news
so they expect continued growth and
appreciation
in the first half of 2021 but they feel
that it might slow down
in the second half of the year so we’ll
see
so if you want to talk to me about
selling or buying your home and you have
questions about what does this mean for
you and your situation
feel free to reach out to me my contact
information is
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