Inventory Drops as Average Days on Market Spikes up for Bay Area Home Sales in PLeasant Hill

In this graph you will see a significant trend down in the amount of active inventory and in average days on market for single family detached homes in the bay area city of Pleasant Hill. Pleasant Hill is located between the cities of Walnut Creek, Concord, Martinez, and Lafayette. Homes in this city tend to priced between the high priced homes in Walnut Creek and Lafayette and the lower priced homes in Martinez and Concord. The interest activity in this graph is the recent spike up in average time on market. For the most part I believe that this has more to do with the seasonality of the market and should level off after the holidays.

 

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Post by Bob Gibbs

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