The Lamorinda Market - January 2010
The latest Lamorinda market statistics were just released and show distinct improvement from January of 2009:
- Inventories are down 20%
- Sales are up 50%
- And the leading edge of the market… pending sales are up 87%
Even for those of us who believe we still have a long way to go before we declare victory over the demons of this recession, the January housing numbers for our microcosm of the Bay Area are encouraging. With that said, the number of months of inventory did turn upward slightly in January as new homes found their way to market, and now stands at slightly over 5 months of unsold inventory. Click here for additional Lafayette & Contra Costa County Real Estate Market Statistics.
