As with most Bay Area towns and cities we are seeing prices edge up as inventory levels continue to drop. The following graph depicts inventory and Median price points for single family detached homes in the east bay town of Alamo. While inventory levels seem to just keep dropping I do expect to see more inventory coming to the market starting in March and to continually increase through the summer. This will create a dampening effect on prices so we will see a leveling off of the median price point beginning in spring an lasting through the summer. Please contact us for a more detailed discussion regarding the market or speak speak about your specific situation.
