Livermore Attached Homes Market Reports, December 2011
By Karen Crowson, Your Agent for Change
(Coldwell Banker Residential Brokerage)
Looking at December '10 to December '11, things look pretty stable with only a $2000 change in the median home price. But there sure have been some crazy swings in between. Further inspection of those individual records may provide more of the story - how many distressed sales, inventory supply, escrow time. The devil is in the details. This graph certainly depicts what I'm seeing in the market. A lower supply and much more demand. I expect that that December spike would have been higher if inventory was there to support it. With rents rising, investors are seeing the wisdom of properties that will cash flow higher than their mortgage payment. Lower days on market is also a reflection of supply and demand. Buyer are finding they must decide quickly on a property, or miss it altogether....
Comments
0