"In March 2026, active listings in Oakland fell 27.2% year-over-year to just 492 homes, while new listings dropped 3.4% from a year ago. This led to a competitive market where more homes were being absorbed than were hitting the market."
"The median list price in Oakland was $649,625 in March, down 4.8% year-over-year, but still over 56% above the national median of $416,000. Only 10.8% of listings took a price reduction, indicating a strong market for well-priced homes."
"The typical Oakland home sold in just 31 days in March, nearly half the national median of 57 days. This rapid turnover highlights the urgency for buyers in a market where hesitation can lead to missed opportunities."
In March 2026, Oakland experienced a significant decrease in housing inventory, with active listings down 27.2% year-over-year. New listings also fell by 3.4%, leading to increased competition among buyers. The median list price was $649,625, a 4.8% decrease from the previous year, yet still significantly higher than the national median. Only 10.8% of listings saw price reductions, indicating a strong market for well-priced homes. Homes sold quickly, averaging just 31 days on the market, emphasizing the urgency for potential buyers.
Read at SFGATE
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