The third quarter is wrapped and its real estate data are fresh off the presses. We’ve analyzed the stats to show where the market’s headed in the fourth quarter and into next year.
The number of Inner East Bay home sales continued a multi-year slide through the third quarter of 2019. The 4,016 single-family homes that sold represented a 4 percent drop from the number sold compared to the same time period the year prior, and down 34.2 percent from the same period the last peak in 2009.
At the same time, single-family East Bay home prices are continuing a steady rise, jumping 5 percent to a median of $800,000 in 2019 through September compared to the same period in 2018, according to Red Oak Realty analysis of MLS stats.
Median prices have risen every year since 2012, though the year-over-year jumps are slowing. This matches an overall trend of slowing East Bay home appreciation.