Home Sales Rose In September - Thank Lower Rates

Livermore, CA - Pleasanton, CA

• Home sales nationally increased 7% to a YTD rate of 6.29 million units in September, according to the National Association of Realtors.
• The N.A.R.'s chief economist pointed to a drop in mortgage rates in August for the September gains.
• First time home buyers made up 28% of sales which is the lowest since July 2015.

If you're looking for a home in Livermore, CA or looking to upgrade to one of the top neighborhoods in Pleasanton it's important to understand our local market. Every month homes sales for Dublin, CA, Livermore, CA and Pleasanton, CA are posted on the blog. Be sure to sign up to receive these monthly stats.

Nationally, sales of previously owned homes increased 7% in September with the low rates of August helping the September pop.

Surprisingly, sales in September 2021 were 2.3% lower than September 2020 and just 28% of home sales were from first time buyers. The total number of homes for sale at the end of September was 1.27 million units, down 13% from a year ago. This represents a 2.4 month supply.

Low supply has continued to push home prices with the median price of an existing home sold in September at $352,800. This is 13% higher than September 2020!

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