Bubble my eye!
Fremont’s real estate market sizzled in September 2005, with that combination that sellers love — tasty high prices and low inventory. The average home in Fremont sold for $710,406, a 25.6% increase from the $565,666 average of a year before! The median home sale price in September of 2005 was $670,000.
Overall unit volume is down somewhat for this September at 259 units sold, as opposed to last year’s 316 units sold. Days on market have remained at last September’s extremely low average of 16 days.
Fremont’s inventory numbers are the lowest for any market we’ve examined so far. With 421 active residential units and 259 units sold last month, we have only 1.65 months of homes in inventory.