Pacific Union’s April 2014 Real Estate Update

Buyers Moving Faster

As the typically brisk spring homebuying season burst into full bloom, buyers in most of Pacific Union’s regions moved faster to close purchases than they did the previous month. The average days a single-family home lasted on the market decreased in every one of our regions, month over month, except for San Francisco, with houses selling particularly quickly in Contra Costa County, the East Bay, and Silicon Valley.

Median Price Yearly High

Only Sonoma County saw the months’ supply of inventory (MSI) increase from March to April, and even then the housing-stock gain was barely perceptible to buyers. The median sales price for a single-family home reached yearly highs in several of our hottest regions, including the East Bay, Marin County, San Francisco, and Sonoma Valley.

Get all the facts and latest data at https://compasscaliforniablog.com/pacific-union-april-2014-real-estate-update