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Posted on January 30, 2019 - 11:35 AM
by Rene Ferland
I hope that your year is off to a great start! I wanted to send you this quick email to fill you in on how the year wrapped up with the latest national housing market news.
Here are three takeaways from December’s report:
1.) December home sales declined 12.1%. That marks the fifth month in a row of year-over-year decline.
2.) December inventory grew 4.6% which was the third consecutive month.
3.) Home prices went up 2.1% in December.
These stats mean that the market is slowly balancing. There’s still a way to go, but it’s making progress. Down the road, this will be great news for buyers and sellers. If you’re thinking about buying or selling in 2019, I’d be happy to talk about our local market conditions and your specific situation. Please don’t hesitate to call, text or email me with any questions.
Thank you for trusting me as your neighborhood real estate expert!
Have a great day!
Ferland Market Update
Alameda & Contra Costa County 1/30/19