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.
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