Livermore Market Update

The two charts below will give you an indicator of how the local real estate market has changed in a year’s time.

The first chart shows inventory levels, and uses a calculation to determine how many months that inventory would last at the going rate of sale. You can see that it is down dramatically from last October. Buyers who are out looking will let you know that there is often not much available in a given price range, and that many times they are competing with other buyers for the same property.

The second chart shows the relationship between the number of active listings on the market, and the number of properties that have gone into contract in a particular month. You’ll notice that the gap has shrunk considerably from what it was a year ago.

*The information above is based on single family detached homes

As of Nov.2nd

Active Listings, Detached 159

Active Listings, Attached 38