Alameda County: Home Prices at All-Time High

Alameda County, along with San Mateo and Santa Clara Counties, has posted an all-time high for median home prices. According to The Mercury News's reporting on May 26, 2017, the typical previously owned home in Alameda County is selling for $805,000.

So why the drop in number of homes sold? Number of homes sold has dropped 9.4% regionwide compared to last year. Inventory is low, as some would-be buyers find they could no longer afford the home they currently live in if bought at present-day prices. Pricey abodes have discouraged move-ups and lateral moves.

The good news? It's a seller's heyday. For buyers, it's a more competitive, multiple offer market that lends itself to cooperation with your real estate agent to stay on top of listings as soon as they come on the market.

Roger DiRusco