Fremont experienced good sales numbers for residential housing sales in January, but the market slowed somewhat from last year. 114 residential units sold in January, down 22% from the 146 units sold in January of 2005. The median sales price was $635,000. The average home listed for $659,441, and sold for $648,253, or 98.3% of list.
Appreciation was moderate. On a cost per square foot basis, homes appreciated 7.3% from January to January.
Days on market are up, from 15 days on average last year to 28 days this year, and the expired to sold ratio has also grown, from 10% to 25%. There is currently 3 months of inventory.