Statistical Tables | Changing Communications

Home Prices Mixed, Sales Up Year-Over-Year

The median sales price for single-family, re-sale homes was down 1.1% year-over-year. It was down 2.2% from May.

The average sales price of single-family, re-sale homes rose 1.3% year-over-year. It was down 1.7% from May.

Sales of single-family, re-sale homes were up 10.1% year-over-year. There were 739 homes sold last month. The average monthly sales since 2005 is 907.

The sales price to list price ratio for homes rose from 102% to 102.4%.

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

The median sales price for condos was up 5.5% year-over-year. The average sales price was up 2% year-over-year.

Condo sales were up 0.6% year-over-year. There were 167 condo sales last month.

The sales price to list price ratio for condos fell from 99.9% to 99.4%.

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

Momentum Statistics

Sales momentum…
for single-family homes rose 1.4 points to +2..

Pricing momentum…
for single-family homes fell 0.2 of a point to –1.6.

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.

June 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	$900,000	$1,251,906	739	25	102.4%	-1.1%	1.3%	10.1%	-2.2%	-1.7%	1.7%
Alamo	$3,000,000	$3,149,676	14	10	102.6%	20.0%	17.4%	0.0%	6.9%	-27.1%	-12.5%
Antioch	$630,939	$622,137	74	25	101.7%	5.2%	1.8%	5.7%	-2.1%	-0.6%	5.7%
Bay Point	$598,000	$593,058	13	24	102.9%	0.6%	-5.4%	-18.8%	-0.5%	-2.6%	160.0%
Blackhawk	$2,225,000	$2,225,000	1	7	111.3%	53.4%	27.7%	-90.9%	29.7%	21.9%	-90.9%
Brentwood	$775,000	$827,606	57	33	98.8%	-3.7%	-7.5%	3.6%	-0.6%	0.6%	-6.6%
Clayton	$1,082,500	$1,075,938	8	21	99.0%	-4.4%	-9.6%	0.0%	-8.9%	-11.6%	-20.0%
Concord	$885,000	$937,012	73	34	101.2%	4.0%	6.3%	14.1%	1.7%	0.6%	-8.8%
Danville	$2,254,000	$2,489,460	48	28	98.8%	6.1%	7.5%	29.7%	-1.2%	4.0%	14.3%
Discovery Bay	$789,000	$917,731	13	25	98.5%	-5.4%	5.2%	-27.8%	-1.4%	9.1%	-13.3%
El Cerrito	$1,300,000	$1,277,571	21	19	127.9%	-13.4%	-13.4%	23.5%	-1.9%	50.0%	50.0%
El Sobrante	$785,000	$810,938	16	33	103.7%	22.7%	31.5%	77.8%	-4.8%	-0.4%	77.8%
Hercules	$942,000	$922,400	5	10	101.9%	9.5%	7.0%	-50.0%	2.7%	-2.8%	-50.0%
Kensington	$1,807,500	$1,855,833	6	20	121.2%	44.6%	44.6%	0.0%	-0.4%	-0.4%	-25.0%
Lafayette	$2,125,000	$2,432,268	33	16	106.3%	-2.3%	8.4%	3.1%	6.3%	-3.9%	10.0%
Martinez	$841,250	$929,012	38	25	99.0%	0.4%	1.1%	35.7%	5.9%	7.0%	-5.0%
Moraga	$1,859,000	$1,932,344	16	18	101.4%	6.2%	-3.5%	100.0%	-7.1%	-2.9%	0.0%
Oakley	$675,000	$686,587	33	28	100.5%	-0.1%	2.0%	37.5%	3.8%	-3.2%	-15.4%
Orinda	$2,137,500	$2,398,027	24	20	102.9%	6.9%	7.7%	-14.3%	-5.0%	1.8%	9.1%
Pinole	$737,500	$775,400	10	15	102.4%	1.0%	5.7%	-9.1%	-1.7%	-1.0%	-9.1%
Pittsburg	$600,000	$597,420	36	33	101.4%	-2.8%	-6.4%	28.6%	-1.2%	-1.1%	12.5%
Pleasant Hill	$1,171,500	$1,180,389	34	17	103.7%	11.6%	16.1%	88.9%	10.4%	2.3%	30.8%
Richmond	$660,000	$673,358	51	19	110.5%	-13.1%	-17.6%	6.3%	-10.2%	-8.9%	13.3%
Rodeo	$707,150	$707,150	1	19	101.0%	10.9%	7.1%	-75.0%	-3.1%	-5.1%	-66.7%
San Ramon	$1,710,000	$1,837,614	43	18	99.5%	-9.0%	-6.9%	-18.9%	-5.5%	-3.3%	2.4%
Walnut Creek	$1,600,000	$1,718,645	49	22	100.9%	1.6%	2.0%	8.9%	-3.8%	0.9%	-12.5%

June 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	$638,000	$695,708	167	39	99.4%	5.5%	2.0%	0.6%	2.9%	3.9%	12.1%
Antioch	$354,000	$329,172	10	61	99.1%	4.4%	0.8%	-16.7%	11.0%	-11.7%	100.0%
Concord	$365,000	$375,659	22	30	99.8%	-7.4%	-6.3%	0.0%	-0.7%	-7.2%	4.8%
Danville	$1,080,000	$1,049,615	13	26	97.7%	1.9%	-7.4%	0.0%	0.0%	4.6%	62.5%
Hercules	$549,000	$547,286	7	67	101.8%	-1.5%	-1.8%	250.0%	4.1%	-1.8%	133.3%
Martinez	$575,000	$550,000	3	21	97.5%	-16.8%	-14.3%	-50.0%	-0.2%	-7.5%	-72.7%
Moraga	$627,500	$743,750	4	54	96.0%	0.1%	19.8%	33.3%	-18.1%	-4.7%	-20.0%
Pleasant Hill	$835,000	$736,800	5	32	97.8%	63.7%	36.9%	-44.4%	26.0%	15.5%	-37.5%
Richmond	$512,500	$533,500	12	46	100.0%	5.7%	8.4%	9.1%	9.6%	11.8%	-14.3%
San Pablo	$485,000	$485,000	1	142	99.0%	14.1%	12.9%	-75.0%	-0.5%	-0.5%	-50.0%
San Ramon	$757,500	$794,758	14	29	99.9%	3.4%	-8.6%	40.0%	-20.9%	-10.4%	-22.2%
Walnut Creek	$720,000	$823,089	55	34	100.3%	2.2%	10.7%	-1.8%	-5.7%	3.0%	37.5%

Changing Communications

June 26, 2026 -- It's hard to believe that half of 2026 has already gone by, but here we are. Certainly, things have changed this year in unexpected ways, what with the outbreak of military activity in the middle east, inflation moving in the wrong direction and interest rates generally firming over the last six months. Also, we have a new Fed Chair in town, one who came in with an appreciably more hawkish stance than was expected, Investor hopes for cuts in interest rates at the beginning of the year have now swung fully around, with rate hikes at some point now a possibility.

Outside of extraordinary measures such as MBS buying, the Fed has little direct impact on fixed mortgage rates. With Mr. Warsh said to be looking to find new ways to reduce the Fed's existing balance sheet, that avenue is likely closed unless some significant new crisis should emerge. For folks hoping for lower mortgage rates, the best thing the Fed can do is get inflation heading back in the right direction. It's worth considering that 30-year fixed-rate mortgage rates drifted to about three-and-a-half-year lows earlier this spring, when inflation was cooler and prospects for further declines at least reasonable. Neither is currently the case, and of course this has had implications for the housing market.

Sales of new homes have slumped this spring. The Census Bureau reported that the annualized rate of new home sales declined 7.3% in May, landing at a 580,000 pace, the second slowest rate of sale in about three and a half years and the weakest may since 2016. All of the decline came from sales in the western region of the country. Slack sales boosted inventories of homes for sale; at 10.3 months of supply at the present rate of sales, builders have already throttled back on construction activity, something we saw just a week ago in the 15.4% month-to-month decline in May housing starts. It may be that the seasonal upturn in home prices has deterred borrowers, as the median price of a new home sold was 2% higher in May than April, rising to $424,900 last month. although this is virtually unchanged from a year ago. After new home prices touched that 2025 peak last May, they retreated a bit, so perhaps potential buyers are hoping that will be the case again this year.

Applications for mortgage credit also reflect soft demand. The Mortgage Bankers Association reported just a 1% increase in requests for mortgages in the week ending June 19. A 0.6% decline in applications for funds to purchase homes tempered the top-line figure, which was lifted by a 3% increase in requests for loans to replace existing mortgages. Mortgage applications have been mostly ebbing and flowing along with mortgage rates since March, all the while running at a pretty low level overall over that time.

We don't expect to see much by way of a big change in mortgage rates next week, but there is a chance they can drift slightly lower, provided the drop in yields from Wednesday's bond market rally can most hold for another day or so. As such, we think that we'll see a 4-6 basis point decline in the average offered interest rate for a conforming 30-year fixed-rate mortgage as tracked by Freddie Mac when they report again on Thursday. After that, the second half of 2026 kicks in, and no one knows what surprises that may bring.

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