Week of Sunday May 21 2017 – Saturday May 27 2017
Weekly Market Briefing
Inventory for available single-family detached homes didn’t get any better in Pleasant Hill this week. We only saw 3 new listings this week with 9 going pending. Total available inventory dropped this week from 28 to 21 at a time of year when we should be seeing increases from week to week. Pleasant Hill is definitely in a deep sellers’ market. The current available homes range from $649,000 to $1,499,000.
Unfortunately for buyers the Condo and Townhome market isn’t faring any better. We did see 6 new listing this week with 3 going pending to bring total listings up to 8 from 5. Inventory has trended in the right direction for this time of year for the last three weeks, albeit very slowly.
Single family homes in Martinez didn’t fare any better this week than Pleasant Hill. There were 12 new listing this week with another 15 going pending. Total inventory dropped from 61 to 58 ranging in price asking price from $375,000 to $2,600,000.
Condo’s and Townhomes tell the same story with only 3 new listings this week and 6 going pending bringing the total number of available units from 12 last week to 9, ranging in asking price from $275,000 to $599,880.
So, we are still deep in a seller’s market, while inventory trended in the wrong direction this week it was leading into the unofficial kickoff of summer. Seasonally we should start to see increases in the number of available homes.