The latest numbers show a 11% decrease compared to thirty days ago.  The good news is the trend is down, 4.60 on August 3rd, 4.21 September 2nd  compared to 3.74 today.

Antioch & Brentwood continue to heat up with the continued interest in foreclosures, short sales and bank owned properties being gobbled up by investors and value conscious buyers.

Dublin continues to lead the 680 corridor in quick turn inventory – fueled by developers continuing to offer good deals, incentives and financing help on new condos and homes in the area.

Here are the Months of Inventory as of June 5, 2008 for communities in Contra Costa County.  They are down a fraction from 5.30 months in May to 5.11 months in June.  This may be a sign that the loal real estate markets are stabilizing. 

Many sellers may be holding off on placing their homes on the market until their local real estate market shows more favorable signs of improving.  This could be one of the main reasons we don't see an excess of housing inventory for sale.  A high percentage of the sales are foreclosures and short sales, especially in the east county. 

First time buyers and investors are finding bargains compared to where prices were two years ago.  We will be dealing and hearing about foreclosures in the media for some time to come.  The continued higher lending standards are also having an affect on the market. 

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