Livermore Attached Homes Market Reports, November 2011

Well this isn't a number we like to see. A 19% drop in median price is not a good thing. But as you can see the median price for attached homes has been a bit all over the map during 2011. If this year follows last years pattern and December's unit sales go up, we might see a spike here as well.

This chart sort of defies logic at first glance. Usually, lower inventory and higher demand stabilized prices. However, attached homes due to the many that have HOAs, have taken a hit, as the percentage non-owner occupied falls below FHA guidelines. Also, some of the HOA's have arrears on dues, another negative for FHA. Or, the complex itself isn't FHA approved cutting out a huge potential buyer segment. When these properties are bought with all CASH, the bargaining begins.

This is one of the few segments where days on market has gone down. May also be reflective of many cash buyers, who can close in much less that 30 days.

This is a telling chart, is it not? Based on the market supply and absorption rate, we currently have just one month's worth of inventory.