Patrick Carlisle, Chief Market Analyst at COMPASS, just released the below August real estate reports. Based on his data for Lamorinda and what we see in the marketplace, we expect to see activity during this fall market despite a slow end to summer. If inventory remains tight, we will continue to see year-over-year median home price appreciation turn positive. Once this happens, pricing is unlikely to decline again unless we are inundated with inventory which does not seem likely.

If you are a Buyer and can weather higher monthly mortgage payments for the short term, it is to your advantage to buy now, given lower competition and flat home prices. 

If you are a Seller, real estate success is about supply and demand. With today’s low supply and adequate demand, selling this fall and moving on to the next chapter in your lives may be your best path forward and warrant a positive return on your investment. 

Our team loves data! Reach out to us today if you have any questions on the market.