East Bay Area home prices and sales rising

The following Oakland Tribune article discusses the Bay Area residential real estate market and the fact the home prices, and in most counties sales as a whole, have increased 3 months in a row and the median price is over 15% higher than last year. For Danville real estate, San Ramon real estate, and Alamo real estate, we have seen the same trend with the only difference that sales actually dropped. The reason for lower sales is that inventory is extremely low and while sales are down it is more a factor of low inventory than a sign of low activity. Buyers and Sellers alike are actively engaged in this market and we are seeing this trend continue into the new year. I would love to see your comments regarding this article.

Bay Area home prices and sales rising – Inside Bay Area.