"In September, home prices rose moderately from the month before, with a median listing price of $661,666. The number of listings on the market grew 8.6% from last month, which is a smaller increase than normal for this time of the year in Oakland, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Oakland tend to rise in September."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Oaktown are outpacing the national market. Oakland inventory In September, there were 721 homes for sale in Oakland, which was 8.6% more than the month before and 13.5% less than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407."
"Time on market Homes in Oakland take an average of 41 days to sell, according to September figures. This is 11 days less than the previous month and three days more than the same month last year. For comparison, nationally homes spent an average of 62 days on the market in September. Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code. * Here's a live look at popular listings and recent home sales in Oakland, CA."
Oakland median listing price in September was $661,666, reflecting a moderate month-over-month increase. Price per square foot rose 0..9% compared with the prior month, outpacing the national per-square-foot decline of 0.8%. Active listings in Oakland numbered 721, up 8.6% from August but down 13.5% year-over-year. National active inventory rose 0.2% to 1,100,407. Average time on market in Oakland was 41 days, 11 days faster than the prior month but three days slower than the same month last year. Nationally, homes averaged 62 days on the market in September.
Read at SFGATE
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