Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 70% from one year earlier, and down 36% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 2.2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 7%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 2-million dollars. The number of units sold decreased 6% year-over-year, and increased 89% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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:45.4 yr
Median Commute Time:21.4 mins
Population Density:6,499/sq mi
Population Change Since 2000:-.33%
Closest Airport:Metropolitan Oakland International