The Danville Real Estate market is still performing well and has stabilized over the last several weeks.
The inventory absorption rate has dropped to 5 weeks even with a total of 158 active listings and 28 pendings. In some cases homes are selling at or near asking price in less than a month. While it is still too early to tell, there are many economists who feel that the market as a whole is stabilizing. Some of the factors causing the experts to conclude that the market is improving are the low interest rates, a new administration and large pent up demand.
The current market statistics are as follows:
The average sales price for the 158 active Danville listings is $1,354,177 with the highest at $5,200,000 and the lowest price listing at $585,000. The average price per square foot is $411 with the highest at $1,259.79 and the lowest at $242. The average days on market is 112 days with the longest at 650 and the shortest at 3 days. The average list price for the 28 pending listings is $1,022,470 with the highest at $2,750,000 and the lowest at $465,000. The average price per square foot for these pending listings is $389 with the highest at $800.58 and the lowest at $217.82.
Specific areas
The areas of Greenbrook and Sycamore have performed much the same as Danville as a whole with the Westside Danville market being the slowest and the Westside Alamo 
market being inconsistent.
