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 58% from one year earlier, and up 14% 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 just over 2.2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 2.3-million dollars. The number of units sold decreased 41% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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