Home > Blogs > California > Alameda County > Livermore > 4 per day coming on, 1 per day pending. A more balanced market? By Steve Eveleth 7/17/13

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By Steve Eveleth | Agent in Livermore, CA

4 per day coming on, 1 per day pending. A more balanced market? By Steve Eveleth 7/17/13

113 Livermore homes for sale on the market as of this minute.   

63 new listings since the first of the month with 16 pendings.

This is a bit of a change as there are an average of 4 per day coming on and 1 per day pending. If this trend continues with more inventory coming on than selling, inventory will continue to rise and a more balanced market may be in store. There are still multiple offers, over asking bids and lots of foot traffic at open houses that suggests for the immediate time being, the market will continue to move. Rates play a key factor as well.  If anything I believe we might see a leveling off or a slight cooling period but homes will keep selling due to supply and demand and low rates. Rent verses own for close to the same payment in desirable areas such as Livermore along with an ever increasing population and shortage of housing should continue to keep the market moving but maybe backing the pedal off the metal a little which in IMO is a good thing for equal negotiations between buyers/sellers and a balanced market for all.


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