There is a lot going on in the world right now and we won’t pretend to know how things will turn out or affect the local real estate market over the next few months. In the meantime, this report will look at the most recent data available, though the impact of the wild volatility in the financial markets and the unfolding situation with the coronavirus has yet to show up in reliable statistics. Typically, the spring selling season is the most active of the year.
One positive for real estate is that mortgage interest rates hit a historic low in early March, as illustrated below, and rates play a huge role in housing affordability.
Home Sales Breakdown
Listings Accepting Offers by Month
Mortgage Interest Rates Hit Historic Low
In some of the following charts, other cities outside Diablo Valley are included for either greater context, or to increase the statistical reliability of the data – generally speaking, higher numbers of sales make trend lines more reliable and less subject to meaningless fluctuations.
Short-Term & Long-Term Trends
in Median Home Sales Prices
Home Values & Statistics by City
Selected East Bay Market Indicators since 2009