May’s home sales in Union City show a city that has suffered somewhat more than others in the bay area from the recent market slowdown. Inventory is fairly high by local standards at 3.9 months.
Fifty-one units sold in Union City in May, down 31.1% from last year’s figure of 74 units. However, appreciation was fairly good, at 6.3% (sold price per square foot), and 11.3% (median price). The expired to sold ratio is up to 19.6%, compared to 5.4% last May.
This is the seventh post in our so far not overwhelmingly successful Blogathon for Hunger. It’s definitely not too late to get those pledges in, since we have 43 posts to go!