With the current inventory levels, the number of new listings coming to market is a significant predictor of sales. New listings rose 25% month over month, and sales followed suit, increasing 26%. Year over year, inventory is up 24%, and sales are up 17%. Demand is clearly high in the East Bay, but more supply is needed for a healthier market.
As always, Arrive Real Estate Group remains committed to helping our clients achieve their current and future real estate goals. Our team of experienced professionals are happy to discuss the information we’ve shared in this newsletter. We welcome you to contact us with any questions about the current market or to request an evaluation of your home.