The real estate market in the town of Danville continues to improve.
The inventory absorption rate is now down to 5.6 months of inventory. Last week we were at 6 months. This is becoming a downward trend because raw inventory is dropping while sales are picking up. The dynamics of this market have relieved the downward pressure on prices and we are seeing a stabilization. Time will tell if this is a true trend or aboration but my personal business has seen a significant uptick in activity with many buyers now actively engaged in home searches. There has been a reduction in the absorption rate in most Danville sub markets. The areas of Greenbrook and Sycamore continue to track with Danville as a whole while the Westside Danville and Westside Alamo 
markets lagging a bit. The two latter markets however can change overnight.
Current Danville statistics
There are 164 active listings in Danville for detached single family homes. The average price for these active listings is $1,335,434. The highest price listings is currently priced at $5,200,000 with the lowest price at $585,000. The average price per square foot is at $411 with the highest being at $1,259.79 and the lowest at $232.92. The average days on market is at 109 days with the longest at 439 and the shortest at 3 days. The average list price for the 29 pending sales is $980,703 with the highest price pending listed at $2,750,000 and the lowest priced at $465,000. The average price per square foot for these pending homes is $378 with the highest at $800.58 and the lowest at $217.82. The average days on market for these homes is 84 days with the longest at 650 and the shortest at 0.
