Statistical Tables | It's All About Labor
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Aug 25 | Jul 25 | Aug 24 | |
| Median Price: | $1,262,500 | $1,250,000 | $1,250,000 |
| Average Price: | $1,347,661 | $1,413,545 | $1,341,757 |
| Home Sales: | 650 | 709 | 675 |
| SP/LP Ratio: | 103.6% | 103.4% | 105.9% |
| Days on Market: | 28 | 26 | 24 |
| (Condos/Townhomes) | |||
| Aug 25 | Jul 25 | Aug 24 | |
| Median Price: | $660,500 | $730,000 | $725,000 |
| Average Price: | $724,867 | $760,947 | $770,058 |
| Condo Sales: | 222 | 201 | 231 |
| SP/LP Ratio: | 99.9% | 99.8% | 100.9% |
| Days on Market: | 43 | 40 | 35 |
Sales of single-family, re-sale homes fell 3.7% from last year. There were 650
homes sold in Alameda County last month. The average since 2000 is 921.
The average sales price for
single-family, re-sale homes rose
0.4%
year-over-year.
It was down 4.7% from July.
The median sales price for
single-family, re-sale homes was up 1% year-over-year.
It was up 1% from July.
The sales price to list price ratio rose from 103.4% to 103.6%.
Homes sold in twenty-eight days. This is the time from being listed to going
under contract.
The average sales price for condos was down 5.9% year-over-year. It was down
4.7% from July. The median sales price was down 8.9% year-over-year and it was
down 9.5% month-over-month.
The sales price to list price ratio for condos rose from 99.8% to 99.9%.
Condo sales were down 3.9% from last year. There were 222 condos sold.
Condos sold on average in forty-three days.
Momentum Statistics
Sales momentum…
for
single-family homes dropped 0.6 of a point to +4.8.
Pricing momentum…
for single-family homes was up 0.1 of a point to
-0.7.
Our momentum statistics are based on 12-month moving averages to eliminate
monthly and seasonal variations.
This is an extraordinarily tough market for buyers. It's important to be calm
and realistic. If you don't know what to do or where to begin, give me a call
and let's discuss your situation and your options.
If you’re looking to sell, call me for a comprehensive Comparative Market
Analysis.
Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.
This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.
If you’re looking to sell, call me for a comprehensive Comparative Market Analysis.
the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the median price.
This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for the Alameda County are below. Monthly graphs are available for each city in the county.
| August Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Area | Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales |
| County | $1,262,500 | $1,347,661 | 650 | 28 | 103.6% | 1.0% | 0.4% | -3.7% | 1.0% | -4.7% | -8.3% |
| Alameda | $1,235,000 | $1,229,833 | 24 | 47 | 105.2% | -8.2% | -13.2% | 20.0% | -13.0% | -12.4% | -7.7% |
| Albany | $950,000 | $1,136,667 | 6 | 50 | 114.1% | -21.8% | -20.0% | -33.3% | -13.6% | -17.2% | -14.3% |
| Berkeley | $1,425,000 | $1,622,114 | 35 | 57 | 103.5% | -10.9% | -4.8% | -23.9% | -5.5% | -11.7% | -28.6% |
| Castro Valley | $1,282,500 | $1,250,728 | 32 | 62 | 102.6% | 7.5% | 0.7% | 33.3% | 8.2% | 4.3% | -40.7% |
| Dublin | $1,680,000 | $1,739,574 | 25 | 47 | 103.7% | -0.3% | -6.2% | -16.7% | 12.0% | 3.0% | -28.6% |
| Fremont | $1,700,000 | $1,887,156 | 95 | 44 | 109.6% | 2.1% | 2.9% | 21.8% | -9.1% | -8.6% | 30.1% |
| Hayward | $937,500 | $1,090,617 | 60 | 51 | 106.0% | 6.5% | 5.1% | -3.2% | -0.3% | 5.3% | -10.4% |
| Livermore | $1,198,000 | $1,384,547 | 74 | 53 | 102.2% | -8.3% | -5.8% | 12.1% | 1.1% | -5.4% | 13.8% |
| Newark | $1,422,026 | $1,552,786 | 16 | 42 | 107.5% | 3.4% | -0.1% | -36.0% | -2.6% | 10.1% | -36.0% |
| Oakland | $858,500 | $1,012,579 | 172 | 66 | 112.3% | -1.3% | 1.6% | -7.5% | 0.4% | -0.5% | 3.6% |
| Piedmont | $3,000,000 | $3,000,000 | 1 | 51 | 110.6% | 20.0% | 1.6% | -83.3% | -25.0% | -42.8% | -83.3% |
| Pleasanton | $1,665,000 | $1,908,820 | 41 | 55 | 101.9% | -3.6% | -3.9% | 13.9% | 0.6% | -4.4% | -24.1% |
| San Leandro | $890,000 | $915,395 | 26 | 55 | 105.5% | 3.5% | 2.7% | -44.7% | 4.7% | 4.9% | -31.6% |
| San Lorenzo | $815,000 | $807,929 | 14 | 51 | 104.6% | -5.5% | -9.1% | -12.5% | -5.0% | -3.4% | -22.2% |
| Union City | $1,302,075 | $1,344,827 | 26 | 58 | 108.1% | -7.7% | -5.4% | 13.0% | 4.1% | 1.5% | 23.8% |
| August Sales Statistics | |||||||||||
| (Condos/Town Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| County | $660,500 | $724,867 | 222 | 43 | 99.9% | -8.9% | -5.9% | -3.9% | -4.7% | -9.5% | 10.4% |
| Alameda | $879,000 | $875,933 | 18 | 59 | 102.8% | 0.2% | 4.6% | -10.0% | -4.0% | -2.1% | 50.0% |
| Albany | $512,000 | $610,667 | 3 | 83 | 102.4% | -28.9% | -14.4% | 0.0% | 1.7% | 6.7% | -40.0% |
| Berkeley | $875,000 | $940,182 | 11 | 61 | 106.2% | 16.7% | 28.0% | 57.1% | -2.0% | -2.8% | 57.1% |
| Castro Valley | $635,000 | $616,667 | 3 | 53 | 96.1% | -32.1% | -25.2% | -40.0% | -35.4% | -26.0% | -50.0% |
| Dublin | $863,500 | $886,080 | 24 | 73 | 99.0% | -6.1% | -10.1% | 84.6% | -14.2% | -11.9% | 41.2% |
| Emeryville | $387,000 | $409,164 | 10 | 76 | 97.5% | -24.1% | -22.2% | 25.0% | -8.8% | -10.0% | 42.9% |
| Fremont | $891,944 | $878,775 | 48 | 61 | 98.2% | -2.0% | -11.6% | 11.6% | -6.2% | -1.2% | 33.3% |
| Hayward | $650,000 | $644,839 | 19 | 87 | 98.8% | -7.1% | -7.9% | -29.6% | -3.5% | -4.1% | 18.8% |
| Livermore | $775,000 | $741,064 | 14 | 74 | 98.2% | -8.8% | -4.2% | 7.7% | -7.1% | -0.3% | 0.0% |
| Newark | $795,000 | $822,625 | 8 | 64 | 100.3% | -24.5% | -17.0% | 0.0% | -12.7% | -29.3% | -11.1% |
| Oakland | $449,000 | $509,237 | 47 | 83 | 100.5% | -14.5% | -8.9% | 51.6% | -0.6% | -0.7% | -2.1% |
| Pleasanton | $1,190,000 | $1,190,000 | 1 | 52 | 91.7% | 69.0% | 63.8% | -90.0% | 50.0% | 54.5% | -90.0% |
| San Leandro | $540,000 | $573,200 | 10 | 80 | 104.0% | -16.3% | -11.1% | 400.0% | -4.1% | -10.7% | 11.1% |
| Union City | $555,000 | $608,400 | 5 | 43 | 97.7% | -37.5% | -29.5% | -16.7% | -10.6% | -17.8% | -44.4% |
August 29, 2025 --
Home sales will soon be closing a soggy summer, but we'll have to wait another
month to see how August turned out. We already know that existing home sales
have been muted, and this week we learned that sales of new homes in July were
also pretty modest. Although June's sales figure was revised higher to a 656,000
annual rate, it doesn't much change the picture of a lumbering market for new
homes; for July, sales of new homes edged 0.6% lower, slipping to a 652,000
annual pace. While the supply of new homes available to buy did decline a little
bit, easing by 3,000 to a 499,000 annualized level, the 9.2 months of supply at
the present rate of sale is more than ample. New home prices continue to be very
competitive with existing stock; July's $403,800 was 0.8% below June's median
sales price, and is 5.9% below the median cost of a new home last July. By
contrast, the median price of an existing home sold in July was $422,400.
Existing home prices may be poised to have somewhat larger and more widespread
seasonal price declines this year, something we detail and discuss in the
analysis portion of our quarterly Home
Affordability Study. Whether that will be enough to
help bring more buyers into the market isn't certain; lower mortgage rates will
be required to help that occur. At least in July, there were fewer buyers of
existing home in the market, as the Pending Home Sales Index from the National
Association of Realtors found a 0.4% decrease in the number of signed contracts
to purchase homes. The PHSI leads closed sales numbers by about two months, and
based upon the last two months of declines, it is hard to expect to see much
improvement in existing home sales to close the summer.
But there are of course at least some sales happening. The Mortgage Bankers
Association reported a 0.5% overall decrease in requests for mortgages in the
week ending August 22, but that decline all came from the refinancing side of
the market, with calls for funds to refinance existing loans dropping by 3.5%.
Applications for purchase-money mortgages ticked 2.2% higher for the week, and
in fact have managed to post a positive figure in each of the last four weeks.
Slightly lower mortgage rates during that time have helped support homebuyers to
at least a modest degree.
As much as we'd like to see lower interest rates and especially lower mortgage
rates, we'd rather not see the kind of increasing economic misery that makes
them necessary. As we've remarked before, if you don't have a job, it really
doesn't matter how low mortgage rates are, since you can't qualify for one to
buy a home or refinance, regardless of how attractive the rate may be.
A long weekend with the Labor Day holiday leaves mortgage rates poised to do
little. That's not uncommon to start September; it's typically the first full
week of the month (8th-12th this year) when things begin to move more quickly,
and we'd expect to see more action then, especially this year. For the next week
at least, we think that the average offered rate for a conforming 30-year fixed
rate mortgage as reported by Freddie Mac may wobble a little, managing to be
unchanged or perhaps posting as much as a two basis point decline. We'll see
what comes next Thursday.
This page is copyrighted by https://rereport.com. All rights are reserved.