Glen’s East Bay Housing Market Statistics for September ‘09

by Glen on September 3, 2009

In some areas (San Pablo, Richmond, etc), the average sales price is exceeding the average list price.
Inventory is the lowest I’ve seen since I started tracking inventory in July, 2005.
Multiple offers are again the norm for well priced properties in desirable areas.
REOs are becoming less of a factor, accounting for only 15% of the active listings, while accounting for 47% of the sales in the past 4 months.