Pittsburg’s Real Estate Market in May showed pretty significant slowing from last year. Average days on market in May increased by 50% over last May, from 14 days to 21. (In fairness to the drama of 50% — 21 days on average is not exactly forever). Meantime, unit volume was cut neatly in half of last year’s numbers — last year eighty-eight units sold in Pittsburg in May, this May the number was fourty-four.
The average home that sold in May in Pittsburg listed for $474,927, and sold for $476,453. The median sale price was $482,500. Sold price per square foot increased 2.2% since last May, from $317 per square foot to $324 per square foot.
Inventory is a very substantial seven months, one of the largest figures we’ve seen for any East Bay community.
This is Post 10 of 50 in our Fabulous East Bay Hunger Blogathon, now underway.