Livermore Market Report- Detached Homes - April 2014
By Karen Crowson, Your Agent for Change
(Coldwell Banker Residential Brokerage)
Charts are great for showing the big picture. The median price spike for 2013 was in November, but it has now been surpassed by March of this year, with a slightly lower median in April. Still up 9% from April of last year. There is a noticeable change in December of last year. Looking just at this chart, it bears the question, what the heck happened? In reality, this spike can be attributed to a single listing for new construction that was on the market 90 days. And that high average was still only at 37 days! And in keeping with what we saw most of last year, still very low market time. Supply down, demand up. That's been the tale for much of this area. However, the trends don't emerge just looking at what happens in a single month. Notice that inventory started out low and is gradua...
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