Extremely limited inventory has characterized the
East Bay market all summer, with the MSI holding steady at 0.8 from June through August. Homes sold for 113.1 percent of original price, down from the past few months but the largest premiums recorded in any of Pacific Union's regions.
After five months above the $900,000 mark, the median sales price eased to $853,500. Homes sold in an average of 22 days, five days faster than earlier in the summer.
Click on the image below for an expanded look at local real estate activity. Clickherefor a look into real estate activity in all of Pacific Union's regions.
Defining the East Bay: Our real estate markets in the East Bay region include Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705; Alameda; Albany; Berkeley; El Cerrito; Kensington; and Piedmont. Sales data in the adjoining chart includes single-family homes in these communities.
