Sol Henik, asked me about the amount of inventory for surrounding Cities of Walnut Creek. Here are graphs for Walnut Creek, Concord, Martinez, Pleasant Hill, Lafayette, Orinda, Alamo and Danville. These graphs represent the MEDIAN priced homes.
Definition of Days of Inventory: The amount of days it would take at the current sales rate to sell all the homes currently on the Multiple Listing Service.
The inventory are increased in Pleasant Hill, Lafayette and Orinda. My guess would be that it’s because there was not a lot of inventory in these markets while prices were stable or even increasing.
The Martinez real estate market had a lot of inventory and this graph shows that the median real estate market in Martinez is something to keep a close eye on. There may be good opportunity.
The rest of Contra Costa County, the “680 real estate corridor” continues to move along with far more success than most of Contra Costa County.