October’s real estate sales in Concord were down some 25% on a unit volume basis, from 202 units sold last October to 151 this October. Homes are still selling quickly, with average days on market remaining low at 18 days, though this value is higher than last year’s value of 15 days. Current inventory is 2.4 months worth of homes, based on October’s sales numbers.
The median home sale price in Concord in October was $545,000. The average home sold for 29.1% more than last year, though adjusted for square footage, the increase was 16.2%, which is still a hefty appreciation figure. This year’s average priced home listed for $560,471 and sold for 100.3% of list for an average sale price of $562,407.