Statistical Tables | Right Down The Hall, For Now

Home Prices Down, Sales Up Year-Over-Year

The median sales price for single-family, re-sale homes was down 2.3% year-over-year. It was down 0.6% from March.

The average sales price of single-family, re-sale homes fell 5.4% year-over-year. It was down 2.8% from March.

Sales of single-family, re-sale homes were up 1.2% year-over-year. There were 664 homes sold last month. The average monthly sales since 2005 is 907.

The sales price to list price ratio for homes stayed at 102.2%.

Days on market, or how long it takes to go from being listed to being under contract, was twenty-four days.

The median sales price for condos was up 6% year-over-year. The average sales price was up 5.6% year-over-year.

Condo sales were up 10.3% year-over-year. There were 160 condo sales last month.

The sales price to list price ratio for condos fell from 100.3% to 100%.

Days on market, or how long it takes to go from being listed to being under contract, was thirty-eight days for condos.

Momentum Statistics

Sales momentum…
for single-family homes rose 1.2 points to -0.7.

Pricing momentum…
for single-family homes rose 0.3 of a point to –1.7.

Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.

This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.

If you’re looking to sell, call me for a comprehensive Comparative Market Analysis.

Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.

We calculate…

momentum by using a 12-month moving average to eliminate seasonality. By comparing this year's 12-month moving average to last year's, we get a percentage showing market momentum.  

In the chart below…

the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the average price.

As you can see, pricing momentum has an inverse relationship to sales momentum.

Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me.

P.S. The FHA requires all condo projects to be re-certified before they will make a loan. To find out if the condo project you're interested in is eligible, go here: https://entp.hud.gov/idapp/html/condlook.cfm.

The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.

If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.

Monthly Statistics

Complete monthly sales statistics for Contra Costa County are below. Monthly graphs are available for each city in the county.

April Sales Statistics
(Single-family Homes)
	Prices		Units			Change from last year			Change from last month
	Median	Average	Sold	DOM	SP/LP	Median	Average	Sold	Median	Average	Sold
County	$860,000	$1,182,805	664	24	102.2%	-2.3%	-5.4%	1.2%	-0.6%	-2.8%	8.7%
Alamo	$2,700,000	$2,976,982	21	17	104.7%	13.1%	20.7%	31.3%	4.9%	-2.9%	61.5%
Antioch	$630,000	$620,671	62	26	101.1%	-0.9%	-3.7%	-21.5%	2.4%	-0.7%	0.0%
Bay Point	$450,000	$518,143	7	32	103.0%	-27.1%	-18.1%	-12.5%	-27.1%	-20.6%	16.7%
Blackhawk	$2,225,000	$2,225,000	1	7	111.3%	53.4%	27.7%	-90.9%	29.7%	21.9%	-90.9%
Brentwood	$739,000	$789,536	59	28	99.3%	-11.7%	-9.9%	1.7%	-7.0%	-5.1%	0.0%
Clayton	$1,150,000	$1,208,188	16	21	101.4%	-2.5%	-6.6%	23.1%	-8.0%	-5.1%	60.0%
Concord	$805,000	$856,463	75	16	101.2%	-4.7%	-1.7%	13.6%	2.3%	1.0%	10.3%
Danville	$2,150,000	$2,266,623	47	17	100.8%	-7.0%	-5.6%	-2.1%	0.7%	-2.0%	-2.1%
Discovery Bay	$720,000	$737,915	13	96	97.7%	-15.3%	-22.1%	-31.6%	-3.6%	-8.1%	-35.0%
El Cerrito	$1,065,000	$1,113,615	13	16	119.2%	-12.2%	-12.2%	-31.6%	-8.9%	0.0%	0.0%
El Sobrante	$832,500	$771,250	4	58	100.3%	29.5%	1.1%	-50.0%	-3.8%	-7.6%	-50.0%
Hercules	$830,000	$895,500	6	19	103.3%	-4.3%	3.3%	-14.3%	-12.6%	-8.3%	100.0%
Kensington	$1,710,000	$1,613,500	10	21	127.4%	-2.5%	-2.5%	25.0%	-4.0%	-4.0%	150.0%
Lafayette	$1,740,000	$1,951,327	18	16	100.0%	-20.9%	-38.8%	-14.3%	-32.4%	-33.5%	-21.7%
Martinez	$907,000	$951,027	30	31	101.3%	15.5%	14.9%	66.7%	-0.2%	-1.7%	20.0%
Moraga	$1,950,000	$2,087,222	9	9	103.4%	-0.3%	6.7%	-10.0%	2.6%	11.9%	0.0%
Oakley	$700,000	$736,009	46	39	99.1%	-0.3%	3.6%	58.6%	6.9%	10.5%	48.4%
Orinda	$1,995,000	$2,080,045	18	18	101.6%	-5.0%	-16.0%	-25.0%	-11.9%	-9.1%	5.9%
Pinole	$825,000	$944,841	7	11	104.0%	12.2%	29.6%	-53.3%	19.1%	33.7%	16.7%
Pittsburg	$604,500	$610,730	28	22	100.3%	1.1%	-0.7%	0.0%	8.8%	1.9%	0.0%
Pleasant Hill	$959,500	$1,035,750	20	20	100.9%	-14.7%	-11.3%	-20.0%	-8.6%	-4.9%	5.3%
Richmond	$652,000	$698,505	53	23	107.5%	2.8%	-3.3%	26.2%	0.3%	-0.9%	26.2%
Rodeo	$715,000	$711,250	4	26	99.9%	30.0%	20.6%	33.3%	13.9%	15.1%	-50.0%
San Ramon	$1,922,500	$1,978,545	36	16	100.2%	1.7%	-9.7%	20.0%	14.5%	8.6%	12.5%
Walnut Creek	$1,585,000	$1,686,699	39	13	102.9%	1.6%	0.5%	0.0%	7.5%	-0.7%	0.0%

April Sales Statistics
(Condos/Townhomes)
	Prices		Units			Change from last year			Change from last month
	Median	Average	Sold	DOM	SP/LP	Median	Average	Sold	Median	Average	Sold
County	$615,000	$697,246	160	38	100.0%	6.0%	5.6%	10.3%	6.0%	7.5%	2.6%
Antioch	$272,500	$300,000	4	41	97.6%	-20.4%	-9.7%	-50.0%	31.7%	32.3%	0.0%
Concord	$362,000	$388,325	17	16	100.0%	2.0%	-2.9%	-19.0%	-4.1%	-7.2%	-34.6%
Danville	$1,199,000	$1,076,545	11	37	98.6%	-4.8%	-12.2%	83.3%	48.9%	23.9%	57.1%
Hercules	$413,500	$433,125	8	30	100.4%	-22.7%	-21.3%	166.7%	-15.4%	-18.1%	33.3%
Martinez	$529,000	$529,400	5	54	101.6%	-17.3%	-18.3%	-28.6%	-6.4%	-5.5%	-44.4%
Moraga	$930,000	$964,667	6	37	99.0%	44.2%	23.1%	50.0%	-4.1%	19.6%	100.0%
Pleasant Hill	$605,000	$623,250	10	19	102.6%	-1.6%	-0.5%	42.9%	-1.6%	4.7%	233.3%
Richmond	$500,000	$512,545	11	56	98.8%	20.5%	22.4%	-35.3%	-14.9%	-17.1%	-8.3%
San Pablo	$425,000	$416,250	4	46	100.6%	4.9%	-7.8%	33.3%	68.0%	31.4%	33.3%
San Ramon	$1,015,000	$914,693	11	61	98.7%	-13.2%	-12.8%	-31.3%	43.3%	19.0%	-21.4%
Walnut Creek	$639,000	$765,666	52	30	100.4%	-16.6%	-7.8%	-10.3%	-20.1%	-3.9%	0.0%

Right Down The Hall, For Now

May 1, 2026 -- Sometime in the middle of next month, it's going to be a new day for the Fed, as Kevin Warsh will become Chair of the Federal Reserve, and will take the helm of the Federal Open Marked Committee, the body charged with evaluating economic conditions and setting the course for monetary policy. While such a changeover is fairly routine, what's not routine is for the former Chair of the committee to remain with the Fed. This week, we learned that current Fed Chair Jerome Powell intends to do just that, returning to the Governor's seat he held before being elevated to lead the Fed back in 2018.

Some eight years ago, Mr. Powell succeeded then-Chair Janet Yellen, someone he had worked with for six years before she departed. At his press conference, he noted that "we were sitting down the hall from each other," and the transition at that time saw him elevated as she exited. In Chair Powell's words, the upcoming process will be 'a very different thing" than what took place back then. Mr. Powell will move back to a position right down the hall again, and will remain there "for a period of time to be determined." While he remains, Mr. Powell pledged to be a "low profile" Governor.

Aside from the transition drama and what it may mean for the Fed going forward, the FOMC voted this week to hold policy rates steady again, leaving the federal funds rate with a range of 3.5% to 3.75%. All but one voting member agreed with the decision to remain pat; Mr. Miran again agitated for lower rates, as he has done since joining the board last September. While his was the only dissent in terms of policy action, three other FOMC members didn't agree with the implicit message in the meeting-closing statement that the next move by the FOMC would likely be a cut in interest rates. Beth M. Hammack, Neel Kashkari and Lorie K. Logan all preferred a more balanced statement, suggesting that policy rates might have an equal chance of remaining the same or even being lifted in the foreseeable future.

The housing market may not be on great footing -- Mr. Powell characterized it as having remained "weak" -- but there was a sizable upturn in housing starts in March anyway. A 10.8% increase compared to February lifted overall housing starts to a 1.502 million annualized pace, Single-family starts rose to a 1.032 million rate, the fastest pace of construction initiation for one-family dwellings in more than a year. Multi-family construction also flared higher, moving up from 415K annual units in February to 470,000 for March. However, while the present looks great, the future is considerably less bright. Permits for future building activity declined by 10.8%, with new permits for single-family homes falling 3.8% to 895,000 annualized units expected to be started, while multi-unit building permits declined 21.5%.

Applications for mortgage credit slid by 1.6% in the week of April 24. The Mortgage Bankers Association reported that requests for funds to purchase homes managed to increase by 1.2% for the week, but those to refinance existing mortgages dropped off by 4.4%. Mortgage rates have been fairly well-behaved given inflation concerns and upward pressure on longer-term interest rates, but they aren't currently at a place that supports a faster pace of homebuying or one that increases opportunities for homeowners to refinance. As such, sluggish activity is about all that can be expected.

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