Statistical Tables | Despite Data, Rate Rout Continues
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Sep 26 | Aug 26 | Sep 25 | |
| Median Price: | $1,269,500 | $1,275,000 | $1,262,500 |
| Average Price: | $1,381,940 | $1,386,717 | $1,347,661 |
| Home Sales: | 641 | 586 | 678 |
| SP/LP Ratio: | 107.8% | 108.0% | 103.6% |
| Days on Market: | 25 | 25 | 28 |
| (Condos/Townhomes) | |||
| Sep 26 | Aug 26 | Sep 25 | |
| Median Price: | $647,500 | $672,500 | $660,500 |
| Average Price: | $676,415 | $692,541 | $724,867 |
| Condo Sales: | 185 | 196 | 194 |
| SP/LP Ratio: | 99.9% | 100.1% | 99.9% |
| Days on Market: | 43 | 40 | 43 |
Sales of single-family, re-sale homes fell 5.5% from last year. There were 641
homes sold in Alameda County last month. The average since 2000 is 921.
The average sales price for
single-family, re-sale homes rose
6.2%
year-over-year.
It was up 2.9% from August.
The median sales price for
single-family, re-sale homes was flat year-over-year.
It was down 1.5% from August.
The sales price to list price ratio rose from 107.8% to 109.6%.
Homes sold in twenty-four days. This is the time from being listed to going
under contract.
The average sales price for condos was down 6.4% year-over-year. It was up 1.8%
from August. The median sales price was down 8.2% year-over-year and it was down
3.4% month-over-month.
The sales price to list price ratio for condos rose from 99.9% to 100.4%.
Condo sales were down 4.6% from last year. There were 185 condos sold.
Condos sold on average in forty-six days.
Momentum Statistics
Sales momentum…
for single-family homes
dropped from –2.8 to 4%.
Pricing momentum…
for single-family homes rose 0.3 of a point
to –0.1.
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.
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.
the blue area shows momentum for home sales while the purple line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the median price.
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.
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.
Complete monthly sales statistics for the Alameda County are below. Monthly graphs are available for each city in the county.
| September Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Area | Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales |
| County | $1,250,000 | $1,421,441 | 641 | 24 | 109.6% | 0.0% | 6.2% | -5.5% | -1.5% | 2.9% | 9.4% |
| Alameda | $1,437,500 | $1,705,068 | 22 | 45 | 105.2% | -4.2% | 12.2% | -33.3% | 4.5% | 15.9% | -12.0% |
| Albany | $1,852,000 | $1,796,286 | 7 | 21 | 114.1% | 32.0% | 18.7% | 16.7% | 76.0% | 67.9% | 75.0% |
| Berkeley | $1,800,000 | $1,885,267 | 51 | 36 | 103.5% | 12.5% | 2.4% | -19.0% | 0.4% | -6.1% | 50.0% |
| Castro Valley | $1,170,000 | $1,253,174 | 31 | 51 | 102.6% | 0.5% | -0.2% | -35.4% | -6.4% | -3.9% | 3.3% |
| Dublin | $1,517,500 | $1,537,821 | 30 | 67 | 103.7% | -1.5% | -5.1% | 25.0% | -6.8% | -10.0% | -3.2% |
| Fremont | $1,588,000 | $1,844,074 | 87 | 43 | 109.6% | -7.9% | -8.3% | 10.1% | 1.5% | 6.3% | 19.2% |
| Hayward | $865,000 | $978,794 | 54 | 66 | 106.0% | 1.8% | -2.3% | -14.3% | -5.5% | -7.1% | 0.0% |
| Livermore | $1,195,500 | $1,260,898 | 56 | 51 | 102.2% | 11.7% | 5.6% | 14.3% | 8.7% | -1.0% | -15.2% |
| Newark | $1,298,000 | $1,400,316 | 25 | 60 | 107.5% | -3.9% | 3.4% | -32.4% | -11.4% | -9.3% | 8.7% |
| Oakland | $925,000 | $1,074,836 | 165 | 57 | 112.3% | 1.3% | 8.8% | -0.6% | -3.9% | -2.3% | 10.0% |
| Piedmont | $2,800,000 | $3,361,135 | 13 | 35 | 110.6% | 10.3% | 5.7% | 62.5% | 0.5% | 15.1% | 30.0% |
| Pleasanton | $1,590,000 | $1,972,900 | 40 | 63 | 101.9% | -9.9% | -9.9% | -7.0% | 2.6% | 17.3% | 21.2% |
| San Leandro | $894,000 | $889,128 | 35 | 39 | 105.5% | 6.7% | -1.6% | -10.3% | 4.9% | -0.8% | 75.0% |
| San Lorenzo | $780,000 | $789,000 | 9 | 42 | 104.6% | -8.2% | -7.4% | -59.1% | -6.0% | -6.8% | -18.2% |
| Union City | $1,395,000 | $1,408,929 | 14 | 51 | 108.1% | -0.9% | 3.4% | 0.0% | -3.7% | 0.3% | -12.5% |
| September Sales Statistics | |||||||||||
| (Condos/Town Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| County | $625,500 | $688,303 | 185 | 46 | 100.4% | -8.2% | -6.4% | -4.6% | 1.8% | -3.4% | -5.6% |
| Alameda | $837,000 | $786,685 | 13 | 68 | 100.4% | 1.8% | -9.3% | -18.8% | -10.8% | -4.8% | 18.2% |
| Albany | $587,500 | $587,500 | 1 | 145 | 98.7% | 22.4% | -2.1% | -80.0% | 63.2% | 63.2% | 0.0% |
| Berkeley | $850,000 | $984,300 | 10 | 47 | 112.7% | 6.6% | 20.7% | 25.0% | 12.2% | -0.6% | 11.1% |
| Castro Valley | $612,888 | $727,296 | 3 | 77 | 98.8% | -33.4% | -17.8% | -25.0% | -23.1% | -42.7% | -40.0% |
| Dublin | $820,000 | $855,395 | 21 | 84 | 97.9% | 9.0% | 13.0% | 75.0% | 6.7% | 2.6% | 0.0% |
| Emeryville | $347,500 | $375,875 | 8 | 91 | 96.5% | 3.5% | 4.5% | -33.3% | -23.1% | -24.9% | 0.0% |
| Fremont | $680,000 | $764,514 | 36 | 73 | 98.9% | -36.7% | -27.7% | 9.1% | -2.1% | -7.7% | 16.1% |
| Hayward | $604,500 | $582,833 | 12 | 69 | 99.5% | -0.9% | -8.6% | -53.8% | 6.8% | 20.9% | -42.9% |
| Livermore | $625,000 | $644,747 | 9 | 64 | 98.9% | -16.6% | -14.6% | 12.5% | -14.7% | -22.8% | -35.7% |
| Newark | $930,000 | $886,455 | 11 | 59 | 100.1% | 17.7% | 0.8% | -8.3% | 16.8% | 23.2% | 22.2% |
| Oakland | $501,000 | $529,417 | 39 | 81 | 101.1% | -2.5% | -10.2% | -18.8% | 11.8% | 22.2% | -11.4% |
| Pleasanton | $620,000 | $620,286 | 7 | 46 | 98.1% | -24.9% | -22.6% | -12.5% | -19.0% | -24.8% | -30.0% |
| San Leandro | $570,000 | $553,500 | 8 | 77 | 101.1% | -5.0% | 6.9% | 60.0% | 14.1% | 15.6% | 60.0% |
| Union City | $462,500 | $588,167 | 6 | 64 | 100.4% | -19.6% | -9.1% | -33.3% | -19.7% | -33.9% | -14.3% |
October 2, 2026
-- Not all that long ago, a comparatively modest reading on current inflation
and a soggy employment report would see bond yields and mortgage rates headed
downward. Further, reinforcement for the move would have come from diminished
expectations of an imminent hike in rates by the Federal Reserve. Unfortunately,
that's not the case in the current climate, where all news seems to be bad news
for bonds and mortgage rates.
Even with revisions showing that the economy performed somewhat better than
originally thought in the first half of 2026, there's no sign that any kind of
overheating is happening. The estimates of annualized Gross Domestic Product
growth for both the first and second quarters were revised higher in the latest
update, pegging first quarter GDP at 2.49% (from 2.09%) and second quarter GDP
at 2.22%, a 74 basis-point improvement on the previous estimate. While those do
signal an economy that's less weak than was thought to be the case, growth in
the middle and low twos isn't usually something that concerns investors.
Current running estimates may or may not reveal a meaningful upturn in growth,
either. The GDPNow estimate for third quarter GDP from the Federal Reserve Bank
of Atlanta does suggest a 3.7% rate for the period, but this was pulled down
pretty considerably from the model's recent estimates of growth of over 5
percent. Conversely, the more conservative estimate from the FRB/New York's
Nowcast model edged higher this week, moving up to a current 2.46% estimate
(2.33% a week ago), part of a gentle upward trend that began in mid-August. We
won't even have an official first estimate for GDP for the third quarter until
the end of the month, but the current trend doesn't suggest anything
approximating overheating, at least so far.
If the economy was strengthening considerably, you would think this would show
up in a tightening labor market. However, that's not really the case, either.
Per the Bureau of Labor Statistics, the economy generated just 29,000 new jobs
in September, a figure far below expectations. Furthermore, the outsized August
increase in hiring was pared back meaningfully, as 29,000 jobs were subtracted
from the initial tally, leaving just 131,000 new positions filled for that
month. Also on further review, July's originally-reported loss of 23,000 jobs
that was initially revised to a gain of 21,000 hires was re-revised back to a
loss of 10,000 positions. Soft current hiring and downward revisions for the
last couple of months don't point to robust conditions.
The mortgage and housing markets continue to suffer as they are under the weight
of high prices and high (and rising) interest rates for much of this year. With
little relief on the horizon, the Mortgage Bankers Association reported a 6%
decline in requests for mortgage credit in the week ending September 25.
Applications for funds to purchase homes slumped another 4.3% (a fourth
consecutive decline) while those for funds to replace existing mortgages fell
off by 8.7%, a sixth week in a row of contraction. With fixed mortgage rates now
at their highest point in nearly three years, buyers braving the market may have
to at least consider an adjustable rate mortgage.
Bond yields and mortgage rates are rising despite an economy that's hardly
roaring, inflation that's mostly level (if still too high) and employment
conditions that remain solid but aren't tightening, much less throwing off any
kind of signals that wage-infused inflation is coming soon. This perhaps has
caused some re-thinking by at least some Fed members regarding policy; comments
by several Fed officials this week suggest that the central bank may be in no
rush to raise rates again. Along with the data, this helped reset market
expectations regarding potential rate hikes: The CME's FedWatch tool now
suggests just over a 20% chance of a quarter-point hike in rates at the end of
this month, down from a 64% expectation just last week. Presently, December
remains solidly "in play, with 85% of speculators expecting a quarter-point hike
at that time.
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