Real Estate Update in Oakland and Berkeley

Berkeley:

  • Sold properties Median Price $726k down from $762k in Nov 2008
  • Sold units 43 up from 25 in Nov 2008
  • Current for sale properties Median price $699k same in Nov 2008
  • Units for sale 131 down from 159 in Nov 2008
  • Months supply of inventory at 1.7 down from 3.3 in Nov 2008
  • Days on Market at 65 up from 37 in Nov 2008

Oakland:

  • Sold properties Median Price $254k up from $200k in Nov 2008
  • Sold units 220 same from 219 in Nov 2008
  • Current for sale properties Median price $235k from $188k in Nov 2008
  • Units for sale 870 down from 1934 in Nov 2008
  • Months supply of inventory at 1.8 down from 6.2 in Nov 2008
  • Days on Market at 39 down from 61 in Nov 2008
  • Median price in Nov 2007 was $400k