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Dublin, San Ramon, Danville, Pleasanton, and Livermore’s August 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 month of August.

The current market conditions for the Tri-Valley appear to be leading us toward a classic case of supply and demand. Inventory numbers continue to drop across the board in the Tri-Valley area and buyers are actively pursuing homes through open houses and showings. Logic would lead us down a path that as more buyers purchase homes and the inventory numbers continue to wane, we should see a stabilization of home prices. I deeply believe that we are headed in the right direction, however I still want to see how the fall and winter months turn out before I become a true believer. There are a few factors that are impacting my decision. First, I am still interacting with a number of homeowners who are in financial trouble. Second, there is speculation that banks may end their moratorium on pursuing foreclosures. Third, we are currently in the traditionally busiest time of year for real estate activity in the Tri-Valley.

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