Video: Real Estate Community Tour for Belvedere, CA
See Real estate community tour for Belvedere, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 25% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was this much. Compared to last year, the average number of days units spent on the market before being sold was up significantly This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was this much. The number of units sold increased 100% year-over-year, and increased 33% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.