Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 25% from one year earlier, and down 23% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 2.8-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 86%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 2.6-million dollars. The number of units sold decreased 10% year-over-year, and decreased 31% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Map Information for Piedmont, CA
Area Information for Piedmont, CA
Median Age:48.85 yr
Median Commute Time:25 mins
Population Density:6,554/sq mi
Population Change Since 2000:.1%
Closest Airport:Metropolitan Oakland International