December 2009 Housing Inventory Stats

By John | Published: January 13, 2010

East Bay Housing Inventory Falls 50%

The year 2009 ended with Months of Inventory being less than half of the inventory that we had in December 2008, 1.91 this December vs. 4.27 in 2008.

The average for the 27 communities measured was almost the same as in November, 1.93 vs. 1.91 in December.Â There were fifteen communities with a slight increase in Months of Inventory and twelve with a decrease.Â Danville, Alamo, Walnut Creek, & San Ramon averaged 2.79 in December, 2.76 in November and 6.79 in December 2008.

The market influences that were in effect in November were the same for December.Â In fact the last six months have been fairly constant.Â Historically low interest rates, as low asÂ 4.75%, 30 year fixed conforming in December, the improvement in the availability of financing, the government incentives of up to $8,000 tax credit for first time buyers and up to $6,500 tax credit for repeat buyers, more attractive terms and increased loan limits for FHA financing have kept the demand strong and inventory low.

All current indications are that this trend will continue for a while, but industry experts and economists are expecting interest rates to rise. Higher interest rates will shrink the buyer pool and lead to some loss of activity in the market as consumers adjust to the market change. The current historically low interest rates are being held in check by the Federal government – something that cannot continue.

The opportunity is now for buyers to take advantages of these favorable factors.


Months of Inventory			12/31/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	118	43	2.74
Alamo	76	14	5.43
Walnut Creek	182	42	4.33
San Ramon	103	73	1.41
AVERAGE	120	43	2.79

Dublin	71	44	1.61
Pleasanton	116	49	2.37
Livermore	182	84	2.17
AVERAGE	123	59	2.08

Blackhawk	46	6	7.67
Diablo	10	1	10.00
AVERAGE	28	4	7.00

Concord	197	126	1.56
Pleasant Hill	48	25	1.92
Martinez	125	35	3.57
Clayton	29	6	4.83
Rossmoor	111	21	5.29
AVERAGE	102	43	2.37

Lafayette	47	9	5.22
Orinda	36	8	4.50
Moraga	30	11	2.73
AVERAGE	38	9	4.22

Pittsburg	138	96	1.44
Antioch	194	169	1.15
Brentwood	137	114	1.20
Oakley	116	78	1.49
AVERAGE	146	114	1.28

Castro Valley	79	43	1.84
Fremont	251	122	2.06
Hayward	264	163	1.62
San Leandro	105	75	1.40
San Lorenzo	27	32	0.84
Oakland	572	292	1.96
AVERAGE	216	121	1.79

Totals	3410	1781	1.91
Average	126	66	1.91

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910

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Email John if you would like to know more about buying or selling a home or condo in Dublin California or call (925) 895-2694


Months of Inventory			12/31/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	118	43	2.74
Alamo	76	14	5.43
Walnut Creek	182	42	4.33
San Ramon	103	73	1.41
AVERAGE	120	43	2.79

Dublin	71	44	1.61
Pleasanton	116	49	2.37
Livermore	182	84	2.17
AVERAGE	123	59	2.08

Blackhawk	46	6	7.67
Diablo	10	1	10.00
AVERAGE	28	4	7.00

Concord	197	126	1.56
Pleasant Hill	48	25	1.92
Martinez	125	35	3.57
Clayton	29	6	4.83
Rossmoor	111	21	5.29
AVERAGE	102	43	2.37

Lafayette	47	9	5.22
Orinda	36	8	4.50
Moraga	30	11	2.73
AVERAGE	38	9	4.22

Pittsburg	138	96	1.44
Antioch	194	169	1.15
Brentwood	137	114	1.20
Oakley	116	78	1.49
AVERAGE	146	114	1.28

Castro Valley	79	43	1.84
Fremont	251	122	2.06
Hayward	264	163	1.62
San Leandro	105	75	1.40
San Lorenzo	27	32	0.84
Oakland	572	292	1.96
AVERAGE	216	121	1.79

Totals	3410	1781	1.91
Average	126	66	1.91