Pending houses in livermore proves history's lessons

The pending house sales in Livermore reached a interesting milestone last week. It seems that 52% of the houses that are pending fall into the 300K-550K range. The rest of the pending homes are 550K and above. What does this say about Livermore's real estate? Basically that history dictates housing patterns. Entry level housing stays the strongest in a down market like the one we are experiencing. However, one can also assume there is still room for more of a downturn since this is the segment of housing that adjusts lasts and goes up first in a better market.

Don't become too alarmed though, recent stats from the Bay Area Association of Realtors says that Tracy and Livermore actually saw an increase in home value by 1.5% last month. Because of this often time conflicting data it is real important for us to keep a careful eye on the Livermore Real Estate market and look for more convincing numbers.