July Real Estate Update

Screen Shot 2018-07-23 at 2.28.18 PM

The average days on market rose drastically in December 2017 but after the start of the new year of 2018 the number of days on market has evened out to stay near the number of 19 to 20 days on the market in the past months. With this information we can see that the sale prices have stayed higher in the past months and even risen 9% with a $99,000 price increase.  Currently we notice the demand for housing lowered by 19% compared to the properties on sale by 4%. But looking at the chart, the properties in contract have have risen 9% giving way to a higher demand for houses coming soon.

As for Walnut Creek, the median sale price went up year on year by 9% from $1,099,000 to $1,198,000.
Sold properties were down year over year by 19% from 73 to 59.
Properties under contract went up year over year by 9% from 67 to 73.
New properties went down year over year by 3% from 74 to 72.
For sale properties went up year over year by 4% from 137 to 143.
Expired properties went up by 83% from 6 to 11.
The average days on the market went up by 6% from 19 to 20.

Leave a Reply