BERKELEY CA: Real estate report. Steady as she goes!
By Pacita Dimacali, Alameda/Contra Costa Counties CA
(Alain Pinel)
Berkeley real estate market is nearly unchanged when compared with the frenetic activity in the surrounding cities. For the statisticians and other folks who prefer graphs to see what's going on a specific market, here's a snapshot of what it looks like in Berkeley CA, comparing the market the past two years, starting in October 2007 - October 2009. People will see different things and interpret this information in different ways --- I guess it depends on what you want to see or what you hope will happen. in the meantime, here's what the data is SHOWING us. MONTHS SUPPLY OF INVENTORY I like starting with the months supply of inventory. When there are more buyers than there are sellers, it means that it's a seller's market. The higher the months inventory, the more it becomes a seller's ...
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