Berkeley real estate sold well in September, with sixty-four residential units sold at an average price of $732,094. The median sale price was $654,000, a 9.2% increase over September, 2004’s average of $670,656.
Both unit volume and days on market were down somewhat. Days on market averaged 25 days in September, down from 20 days last year. This year’s average is rather long by Bay Area standards though still quite respectable. Last September’s unit volume was seventy-four units sold versus this September’s sixty-four.
Inventory is low, at 1.8 months. Only four listings expired in September, less than 10% of the number sold.