Let’s check in on the Brentwood real estate market for November and compare to the previous month’s numbers. Is it a buyers’ or a sellers’ market? Has the median price gone up or down. How are sales?

NOVEMBER BRENTWOOD SINGLE FAMILY MARKET REPORT

	# Homes	List/Sales Price
For sale	62	$999,800 to $18,900,000
Under contract	39	$1,033,100 to $18,900,000
Sold	29	$790,000 to $9,300,000
November sold median price		$1,606,573

COMPARISON TO OCTOBER

For sale		-6
Under contract		+3
Sold		+9
Sold median price		+7.03%

MARKET ABSORPTION

Market history	1 month	3 months	6 months	12 months
Closed transactions	24	65	144	251
Average sold per month	24.00	21.67	24.00	20.92
Homes currently for sale	62	62	62	62
Months supply on the market	2.58	2.86	2.58	2.96

Brentwood single family home sales continue to gain ground in November up 9 over the previous month. The median price was up as were the number of pending sales. Inventory is still low and the Brentwood real estate market favors sellers.

Sellers Market	Balanced Market	Buyers’ Market
Less than 5 months	5 to 7 months	More than 7 months

NOVEMBER BRENTWOOD CONDO MARKET REPORT

	# Homes	List/Sales Price
For sale	43	$369,000 to $2,400,000
Under contract	27	$330,000 to $969,000
Sold	16	$326,000 to $925,000
October sold median price		$525,000

COMPARISON TO OCTOBER

For sale		+7
Under contract		-6
Sold		+5
Sold median price		-28.35%

MARKET ABSORPTION

Market history	1 month	3 months	6 months	12 months
Closed transactions	19	41	88	166
Average sold per month	19.00	13.67	14.67	13.83
Homes currently for sale	43	43	43	43
Months supply on the market	2.26	3.15	2.93	3.11

The Brentwood condo market favors to sellers. November sales were up over the previous month but pending sales are are down. Inventory is up over the previous month.

Previous market reports

Brentwood Real Estate Market Report October 2012
Brentwood 2rd Qtr Market Report 2012
Brentwood Real Estate Half-Year Market Report June 2012