Let’s see how the Brentwood real estate market did in October 2018 and compare it to the same period in 2017 and the previous month.
The number of homes sold in October compared with the same month in 2017 increased slightly. However there was a 68% drop in sold condos.
The average homes and condos sold compared with the list price stayed around the same. No significant change.
Less than 5 months = sellers’ market | 5 to 7 months = stable market | Over 7 months = buyers’ market
Single family homes is moving into a buyers’ market. The same time last year it was a more balanced one. Condos have swung from a strong sellers’ market last year to one favoring buyers.
The Brentwood real estate market is definitely flattening and moving towards a buyers market.
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