New this month! We're introducing our Real Estate Snapshot for Alameda.
Should I stay or should I go? It's a question you may have been thinking about lately, especially with the large increase in home prices. If you’re looking for real estate data to help you make a decision, then you’ve found it. We think our real estate snapshot is a quick way to understand the Alameda real estate market.
We created this Alameda real estate market report to keep you informed and put the latest real estate market data at your fingertips, so you can make the best decision for you and your loved ones.
As we go forward we’ll offer our opinion, based on the data, as to what is happening in the Alameda real estate market. We hope you gain some insight from the data and find it useful.
January 2022 vs. December 2021
As a comparison, there were about slightly less than half as many total closed sales in January than in December (23 versus 56).
Was this due to the typical holiday sales decline, lack of inventory, higher prices, diminished buyer interest, or interest rates on the rise? Our thought is that it is mainly holiday driven, but interest rate rises may begin to sideline certain buyers as the combination of higher rates and increased purchase prices may lead them to consider other less expensive markets, such as nearby San Leandro.
Also, the median days on the market (DOM) remained the same (13) for detached and duet homes, but fell sharply from 24 days in December to 7 in January for condos and townhomes. Are condos the next hot market? We’ll see as the year progresses.
Next month
Check back next month as we bring the latest data and opinions that we’re seeing in real estate. Our goal is to stay on top of trends and data to help you make the best decision possible for you and your loved ones.
If you have questions about what your home may be worth and want to know more, please contact us.
This content also appears on the Resources section (aka, Blog) of Alameda Senior Transitions.