IMPORTANT NEWS FOR SELLERS OF OAKLAND HOMES
Posted by Bruce Wagg on
At the end of every quarter of the year, the research division of Better Homes and Gardens Mason-McDuffie Real Estate analyzes the area Multiple Listing Service data to try to determine the direction of home buying and selling in Alameda County.  They develop a valuable review for current homeowners, and for future homebuyers, and give a clear cut picture of where the residential real estate market has been, and where it is going.
The key to the present statistics this quarter is the lack of inventory of home for buyers to purchase. This lack of inventory has pushed the prices of the available homes higher than expected, and created multiple offer situations. To illustrate, in the last quarter of 2012, the median price of a single family detached…
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