In the residential category, homes sold through the MLS in Concord in January of 2006 were off 32% in terms of unit volume from a year ago. In January of 2006, 81 units sold, compared to 118 units in January of 2005. The average days from listing to accepted offer (”Days on Market”) for sold homes has grown during that period from 18 days to 27 days. Also, the number of listings has increased, from eight in January of 2005 to fifty in January of 2006.
Appreciation for the period has been good, with the median sale price increasing 7.4%, but the average cost per square foot increasing 15.6%. This year the median sale price was $526,500. The average sale price was $518,320, or 99.7% of the average list price of $519,838.
Inventory stands at 4.5 months, fairly high by bay area standards but not bad compared to other areas.