More of the same for Bay Area Real Estate In Danville

The following graph is very similar to the recent graphs I have posted for other Bay Area cities and towns. The consistent nature of these graphs in terms of low inventory and rising prices has caused many people who have been looking to buy a home to step up their searches. We are now regularly seeing multiple offers on nice properties that are priced well and in fact some homes are selling prior to being listed on the MLS. My prediction is that inventory will be low for the next couple of months after which time we will see an increasing number of short sales and bank owned homes hitting the market. I don’t believe that we will see a significant change in price but more of a flattening of prices throughout the summer months.