Inventory shortage continues in the East Bay

Inventory shortage continues in the East Bay

The inventory shortaqe continues in the East Bay. We expect this to correct as homeowners breach their underwater mark and decide to make a move during the spring market. Headlines today are showing substantial moves in the market with San Franciso prices up 12% year over year. Dublin, Pleasant Hill, Walnut Creek & San Ramon are all seeing similar price movement. Given the current buyer demand and shortage of inventory we should see these figures replicated again in 2013. It gets back to the basic supply and demand equation. Few homes, lots of buyers = upward pricing pressure.


Kevin Kieffer Headshot
Author:
Phone: 925-300-8000
Dated: December 13th 2012
Views: 625
About Kevin: Kevin R. Kieffer is a Broker Associate and Realtor with Compass. His primary focus is the East Bay r...

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