"In November, home prices fell moderately from the month before, with a median listing price of $639,000. The number of listings on the market shrank 14.9% from last month, which is a bigger decrease than normal for this time of the year in Oakland, and homes are also selling close to the same pace as the same time last year. Home prices in Oakland Typically, home price per square foot in Oakland tend to fall in November. And the most recent data shows that the price per square foot decreased by 2.0% compared with the month before."
"In November, there were 616 homes for sale in Oakland, which was 14.9% less than the month before and 13.2% less than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Oakland was 184, which was 29.2% less than the month before and 2.1% less than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908."
"Homes in Oakland take an average of 55 days to sell, according to November figures. This is 12 days more than the previous month and two days less than the same month last year. For comparison, nationally homes spent an average of 64 days on the market in November."
The median listing price in Oakland was $639,000 in November, a moderate monthly decline. Price per square foot in Oakland decreased 2.0% month-over-month, a larger drop than the national 1.2% decline. Active listings in Oakland fell to 616, down 14.9% from the prior month and 13.2% year-over-year. New listings in Oakland totaled 184, a 29.2% monthly decrease and a 2.1% year-over-year decline. National active inventory declined 2.5% to 1,072,266 and national new listings fell 14.1% to 330,908. Homes in Oakland averaged 55 days on market versus 64 days nationally.
Read at SFGATE
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