Residential real estate sales in Hayward in March showed some slowing from last year’s performance, but the numbers remain fairly encouraging. Average days on market increased from last March’s figure of 13 to 24 days this March — still not a very long time. Unit volume was down, from 154 units last march to 111 this March, a 28% decrease. The expired to sold ratio is still well under 25% at 17%, but admittedly this is an increase over last March’s 4%.
The median sale price in March was $563,000. The average home listed for $560,494, and sold for .3% above list price, for an average sale price of $562,411. Appreciation from last year was strong at 11.3% (on a cost per square foot basis).
Inventory currently is just over three months.