Livermore loses some inventory, that is a good thing!
As of 7/9/07 at 1130 hours Livermore has 498 houses on the market, 91 houses are pending, so lets do the math together.
Of the 498 house available, roughly 18.5% of them are pending, giving us a market time of about 5 months. This is better news than two months ago but hardly good news. This basically means that the average house will take 5 months to sell in Livermore.
Nothing too crazy with options other then price your house right and it has the best chance of selling.
The good news is however, that interest rates have crept downward in the past couple of weeks making it an even better time to buy a home.
5 Comments:
I just read that housing prices are due to go down even more in 2008, do you agree. What about the hosues in Livermore?
Chad
Is Livermore ever going to see as much condo's as Dublin?
Devon Gibbs
I am thinking about investing in Northern California, in particualar Livermore, should I hold off? Chris, I think you should put your MMAJACKED photo on your website. :)
Chuck Liddell
Awesome Livermore real estate blog, keep up the good work. It is great to see a realtor / broker that does some nice stuff for the community.
Harold Green
LLNL communications
Thanks Chris, I'm in South Livermore, do you have imformation on the percentage of homes in my area are subprime. I think that will give us a good picture of future market condition.
Also, I intend to hold my property for 2 years, then sell to get equity, I heard that jumbo loans have become more expensive, I wanted to know how many of otential South Livermore residents are buyers with Alt-A loans vs. full doc loans.
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