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Dublin, San Ramon, Danville, Pleasanton, and Livermore’s End of November Real Estate Update

This graph consists of real time inventory numbers for Danville, Dublin, Livermore, San Ramon and Pleasanton. Here are the active real estate housing stats for the Tri-Valley cities for the end of November.

Over the last month, we have seen a considerable drop in mortgage interest rates. Some buyers have elected to seize this opportunity to lock down homes while the rates are low.  Hopefully, the low rates will continue to push more buyers into the market into the beginning of next year. 

In my opinion, the overall marketplace is still slumping.  Home prices are not on the increase, and, in fact, I do not feel we are at a point where we’ve leveled off.  Most likely, we will see more inventory coming on the market in a short sale or foreclosure scenario.  At the present time, there are a number of transactions taking place.  Many of those homes that are transacting are either short sales or foreclosures.

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