Market Matrix illustrates: LOW INVENTORY of FOR SALE HOMES in Alameda CA

We can look at this information in different ways, and probably come to different conclusions.

But for buyers agents, we lament the fact that there is low inventory in Alameda. This explains why we are seeing multiple offers in the mid price range and above. Realisticaly speaking, a detached single family home in the low to mid $500,000 range, in good condition and in a good location, will generate a lot of interest.

We are now also seeing an upswing in prices. Good for sellers...but buyers are concerned they may miss the prime opportunity to buy a home at more affordable prices here.

These matrices are wonderful resources to track movement in our various markets. Pictures are always easier to understand besides being easier on the eye, to illustrate the market conditions. These are excellent materials to include in our listing presentations.

Happily, our local MLS provides this service FREE to our members.