Orinda, CA Homeowners Waiting For Market To Improve

It appears Orinda homeowners are continuing to hold their properties off the market while they wait for market improvements. We are seeing reduced numbers of new listings taken and reduced market inventory. However, sales are down as well leading to about a 4 month supply of inventory. Median pricing is closing in on median sold prices which indicates that sellers are getting more realistic when pricing homes. Price per square foot appears to have stabilized. For more information on the Orinda market please call us at 925.212.8869.