November 2009 Housing Inventory

By John | Published: December 11, 2009

East Bay Housing Inventory

The Months of Inventory is up slightly from October, +14%, 0.24 month, but remains relatively low at 1.93 compared to 1.68 on October.

Seventeen communities had an increase in Months of Inventory and ten had a decrease. Other comparisons November 2008 was 4.59, November 2007 12.84, and November 2006 6.60.

The same market forces that have resulted in low levels of inventory for about six months are still in effect. In addition to foreclosures and short sales, fixed interest rates at historical lows currently 4.75% for thirty year fixed conforming loans and government incentives with up to $8,000 tax credit for first time buyers and $6,500 for repeat buyers are also putting pressure on inventory levels.

Market activity has definitely picked up with frequent multiple offers on homes below the $600,000 price level.

Months of Inventory Â Â Â Â Â - Â Â Â Â Â Â 11/30/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	148	56	2.64
Alamo	95	17	5.59
Walnut Creek	197	50	3.94
San Ramon	123	80	1.54
AVERAGE	141	51	2.76

Dublin	80	57	1.40
Pleasanton	144	51	2.82
Livermore	160	101	1.58
AVERAGE	128	70	1.83

Blackhawk	50	7	7.14
Diablo	15	1	15.00
AVERAGE	33	4	8.25

Concord	188	125	1.50
Pleasant Hill	52	28	1.86
Martinez	125	42	2.98
Clayton	33	11	3.00
Rossmoor	137	27	5.07
AVERAGE	107	47	2.28

Lafayette	60	11	5.45
Orinda	52	15	3.47
Moraga	40	12	3.33
AVERAGE	51	13	3.92

Pittsburg	121	122	0.99
Antioch	197	184	1.07
Brentwood	167	105	1.59
Oakley	130	73	1.78
AVERAGE	154	121	1.27

Castro Valley	89	58	1.53
Fremont	275	148	1.86
Hayward	267	154	1.73
San Leandro	122	87	1.40
San Lorenzo	40	25	1.60
Oakland	702	328	2.14
AVERAGE	249	133	1.87

Total (not incl. avgs)	3809	1978	1.93
Average	141	73	1.93

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Months of Inventory Â Â Â Â Â - Â Â Â Â Â Â 11/30/2009
Community	# of Active	Pending Sales	Mos. Inventory
Danville	148	56	2.64
Alamo	95	17	5.59
Walnut Creek	197	50	3.94
San Ramon	123	80	1.54
AVERAGE	141	51	2.76

Dublin	80	57	1.40
Pleasanton	144	51	2.82
Livermore	160	101	1.58
AVERAGE	128	70	1.83

Blackhawk	50	7	7.14
Diablo	15	1	15.00
AVERAGE	33	4	8.25

Concord	188	125	1.50
Pleasant Hill	52	28	1.86
Martinez	125	42	2.98
Clayton	33	11	3.00
Rossmoor	137	27	5.07
AVERAGE	107	47	2.28

Lafayette	60	11	5.45
Orinda	52	15	3.47
Moraga	40	12	3.33
AVERAGE	51	13	3.92

Pittsburg	121	122	0.99
Antioch	197	184	1.07
Brentwood	167	105	1.59
Oakley	130	73	1.78
AVERAGE	154	121	1.27

Castro Valley	89	58	1.53
Fremont	275	148	1.86
Hayward	267	154	1.73
San Leandro	122	87	1.40
San Lorenzo	40	25	1.60
Oakland	702	328	2.14
AVERAGE	249	133	1.87

Total (not incl. avgs)	3809	1978	1.93
Average	141	73	1.93