hey it’s Tanja with your monthly trends
report for january of 2021.
so what happened in january of 2021 so
when we compare this past january to
january of
2020 we can see that the number of homes
listed for sale right so this is the
inventory on the market
in oakland and berkeley were both up by
about 33
san leandro really wasn’t much of a
change from last year at 4.2 percent
and alameda was actually up
significantly at 48
um for oakland and berkeley what really
wasn’t much of a change
when we compare january to this past
december but san leandro was up
by 25 and alameda was up by 17
so what does this mean really because we
need to put this in context
of you know how many months worth of
inventory is this because months worth
of inventory
is how we gauge the health of a market
so if you have
generally five months or less worth of
inventories considered a seller’s market
and if you have seven months or more is
considered a buyer’s market
well oakland and alameda are both at 1.1
months worth of inventory berkeley is at 1.3
and san leandro is at 0.6 months worth
of inventory so these
are strongly sellers markets and i can
tell you that that is
absolutely true because the number of
homes for sale on the market
it’s still very low and there are so
many buyers
out there right now so houses are
getting scooped up
pretty quickly um it is worth mentioning
that you know not all the houses
um that are on the market are the same
level of hotness
you know there’s always some house
that’s you know a little bit funky
maybe it needs a lot of work location
all those play
an important role in you know how fast
and how much
a house will sell for also you know
don’t underestimate the ability
of an agent to sell your house you know
an agent with less skills and experience
can also play into a house taking longer
to sell
so average sold price for oakland
when we compare this january to january
of 2020
was up by 23 berkeley there wasn’t much
of a change at just like a three
percent change san leandro was up by 13
and alameda was up by 12
so i just wanted to also put a little
bit of context
in with this from um the real estate
industry experts and their predictions
for the 2021
year um so core logic their chief
economists
predict that home prices will continue
to go up but not as quickly as what
we’ve seen corelogic is actually really
cool
because they predict they make their
predictions based on data and facts
and not the news so according to
corelogic they expect a continued growth
in appreciation during the first half
of 2021 but they feel that it may
slow down a bit for the second half of
the year
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
in the comments below otherwise give me
a like subscribe to my channel and tap
that bell to get notifications for more