Statistical Tables | | PRESSURING THE FED
| Trends at a Glance | |||
| (Single-family Homes) | |||
| May 19 | Apr 19 | May 18 | |
| Median Price: | $954,750 | $940,000 | ####### |
| Average Price: | $1,068,427 | $1,058,213 | ####### |
| Home Sales: | 1051 | 909 | 1055 |
| SP/LP Ratio: | 106.6% | 105.8% | 109.7% |
| Days on Market: | 20 | 22 | 16 |
| (Condos/Townhomes) | |||
| May 19 | Apr 19 | May 18 | |
| Median Price: | $630,000 | $625,000 | $650,125 |
| Average Price: | $662,644 | $642,871 | $672,593 |
| Condo Sales: | 353 | 294 | 350 |
| SP/LP Ratio: | 103.2% | 102.6% | 107.6% |
| Days on Market: | 23 | 28 | 15 |
Sales prices for single-family, re-sale homes rose from the month before for the fourth month in a row. The average sales price gained 1.0% from April. Year-over-year, it fell 2.0%. The median price fell 4.5%, year-over-year. It was up 1.6% from April.
The average sales prices for condos was up 3.1% from April. It was down 1.5% year-over-year. The median sales price was up 0.8% from April, but, it was down 3.1% year-over-year.
The sales price to list price ratio remains in triple digits: 106.6% for homes and 103.2% for condos.
Home sales were down 0.4% year-over-year. Sales were up 15.6% from April.
Condo sales were up 0.9% from last year, and, they were up 20.1% from April.
Homes are selling in twenty days from being listed to going under contract. Condos are taking twenty-three days.
Sales momentum…
for single-family homes fell 0.8 of a point to –4.5.
Pricing momentum…
for
single-family homes was down 1.7 points to +2.9.
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 red 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.
| May 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 | $954,750 | $1,068,427 | 1,051 | 20 | 106.6% | -4.5% | -2.0% | -0.4% | 1.6% | 1.0% | 15.6% |
| Alameda | $1,155,500 | $1,186,394 | 40 | 15 | 105.0% | 13.6% | 9.1% | 11.1% | 2.3% | -1.5% | 33.3% |
| Albany | $1,010,500 | $1,097,100 | 10 | 14 | 120.7% | 6.1% | 1.4% | -9.1% | -12.9% | -9.5% | 42.9% |
| Berkeley | $1,382,500 | $1,546,897 | 74 | 20 | 102.8% | -4.7% | 4.2% | 39.6% | 5.5% | 14.1% | 60.9% |
| Castro Valley | $880,000 | $933,529 | 43 | 20 | 99.6% | -0.6% | -2.2% | -21.8% | -4.5% | -3.2% | 13.2% |
| Dublin | $1,067,500 | $1,122,330 | 66 | 22 | 100.3% | -3.0% | -0.4% | 13.8% | -10.3% | -4.9% | 78.4% |
| Fremont | $1,150,000 | $1,262,196 | 138 | 21 | 99.7% | -12.5% | -9.7% | 2.2% | -5.9% | -3.5% | 23.2% |
| Hayward | $708,500 | $722,597 | 89 | 23 | 100.1% | -3.6% | -13.6% | -19.8% | -0.6% | -6.6% | -6.3% |
| Livermore | $838,000 | $952,991 | 99 | 23 | 99.3% | -1.4% | 1.2% | -22.0% | 4.8% | 6.8% | 15.1% |
| Newark | $927,500 | $969,045 | 42 | 27 | 95.0% | -6.3% | -7.2% | 35.5% | 0.0% | 0.9% | 23.5% |
| Oakland | $850,000 | $959,364 | 241 | 20 | 108.5% | -2.0% | -1.2% | 9.5% | 2.4% | -1.1% | 5.7% |
| Piedmont | $2,333,500 | $2,366,719 | 16 | 22 | 104.5% | 8.5% | 0.0% | 45.5% | -0.1% | -5.4% | 6.7% |
| Pleasanton | $1,271,500 | $1,361,571 | 66 | 21 | 97.9% | -2.2% | -5.4% | -20.5% | 5.5% | -5.1% | -1.5% |
| San Leandro | $722,500 | $759,596 | 54 | 15 | 100.0% | 4.6% | 4.9% | -15.6% | 0.5% | 3.9% | 3.8% |
| San Lorenzo | $666,400 | $674,112 | 34 | 15 | 100.0% | -7.4% | -3.1% | 126.7% | 1.4% | 2.6% | 70.0% |
| Union City | $942,500 | $1,003,754 | 38 | 22 | 98.9% | -12.3% | -9.8% | -11.6% | 4.1% | 7.1% | 0.0% |
| May 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 | $630,000 | $662,644 | 353 | 23 | 103.2% | -3.1% | -1.5% | 0.9% | 3.1% | 0.8% | 20.1% |
| Alameda | $753,750 | $733,708 | 12 | 14 | 106.0% | 1.0% | 7.8% | -33.3% | 4.8% | 11.7% | -42.9% |
| Albany | $576,500 | $597,500 | 4 | 24 | 111.1% | -5.5% | -2.0% | 300.0% | 12.8% | 10.5% | 0.0% |
| Berkeley | $800,000 | $780,000 | 6 | 48 | 113.2% | 5.4% | 5.8% | -14.3% | -3.9% | 6.7% | -14.3% |
| Castro Valley | $632,000 | $688,286 | 7 | 16 | 101.9% | -9.1% | -4.2% | -36.4% | -2.1% | -3.9% | -12.5% |
| Dublin | $773,000 | $729,083 | 34 | 24 | 100.1% | 1.0% | -3.0% | 13.3% | 7.0% | 12.8% | -8.1% |
| Emeryville | $582,500 | $598,650 | 20 | 20 | 102.8% | -1.3% | -3.8% | 33.3% | -11.4% | -2.9% | 53.8% |
| Fremont | $675,500 | $716,878 | 60 | 25 | 100.8% | -11.7% | -6.5% | 1.7% | 16.4% | 16.5% | 62.2% |
| Hayward | $520,000 | $541,038 | 50 | 27 | 101.6% | 7.2% | 8.4% | 35.1% | 4.2% | 3.0% | 92.3% |
| Livermore | $610,000 | $609,302 | 17 | 25 | 99.0% | -6.3% | -2.5% | -26.1% | -2.0% | -3.9% | -37.0% |
| Newark | $592,000 | $636,262 | 11 | 12 | 102.1% | -8.9% | -4.1% | -35.3% | -8.4% | -8.8% | -21.4% |
| Oakland | $686,000 | $730,544 | 83 | 22 | 108.3% | 5.4% | 4.1% | -1.2% | 10.0% | 4.7% | 50.9% |
| Pleasanton | $647,500 | $677,306 | 18 | 23 | 100.4% | -7.6% | -2.4% | 0.0% | -0.4% | -0.4% | -10.0% |
| San Leandro | $499,500 | $478,286 | 14 | 23 | 100.8% | -0.1% | -2.9% | -6.7% | -0.8% | 6.8% | 0.0% |
| Union City | $571,000 | $556,977 | 15 | 22 | 99.5% | -5.6% | -10.8% | 36.4% | -15.1% | -19.3% | 50.0% |
May 31, 2019 -- With trade and tariff volleying between the U.S. and China already roiling stock markets, a new bit of saber-rattling aimed at Mexico this week sparked a fresh round of selling of equities as investors headed to the relative safety of bonds.
As is they weren't already low, that wash of cash pushed down yields of government bonds across the globe, dropping both German Bunds and Japanese bonds further into negative territory. Of course, U.S. Treasuries also got a strong buy, and the yield on the influential 10-year Treasury was driven down to levels last seen at the end of summer 2017.
According to Freddie Mac, the average offered rate for a conforming 30-year FRM cracked the 4% mark for the first time since January 2018, with a months-long downtrend leaving the benchmark mortgage at 3.99%. It would seem that the downtrend isn't over; at the end of summer 2017, the same barometer was hovering in the three-eighties, and while we might not get there next week, we'll probably be close.
Low mortgage rates aren't doing much to heat up a moderate
housing market -- the Mortgage Bankers Association reported a third straight
week of declining applications for purchase-money mortgage in the week ending
May 24 -- but should give a hearty boost to refinance activity. With already
considerable downforce on mortgage rates this week that will certainly spill
into next, it looks like we'll see another fair decline for rates on tap,
probably something on the order of 8-10 basis points in the 30-year FRM when
Freddie Mac reports next Thursday morning (barring any unforeseen outbreak of
optimism by investors, of course).
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