November Home Prices Pop, Slightly Slower Than October

National Stats - The winter home buying season is normally a bit slower than the spring and summer months. However comparing home prices from winter 2021 to 2020 we see impressive gains. According to the S&P CoreLogic Case-Shiller National Price index, prices rose 18.8% YoY. Comparing the October to November YoY we do see a slight drop from 19% in October YoY price gains.

Tracking the 10-city composite climbed 16.8% annually, down from 17.2% in the previous month.

“Despite this deceleration, it’s important to remember that November’s 18.8% gain was the sixth-highest reading in the 34 years covered by our data (the top five were the months immediately preceding November),” noted Craig Lazzara, managing director at S&P DJI.

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Local Stats - Here in the Tri Valley and specifically Livermore, Pleasanton & Dublin we have see some substantial numbers too.

Pleasanton, CA December 2021 Stats:

Pleasanton homes sold in an average of 13 days with an average list price of $1,507,188. The average sale price was $1,648,192.

Pleasanton, CA homes sold on average for 109% of list price.

Livermore, CA December 2021 Stats:

Homes in Livermore, CA sold in an average of 15 days with an average list price of $1,081,664. The average sale price was $1,129,015.

Livermore, CA homes sold on average for 104% of list price.

Dublin, CA December 2021 Stats:

Dublin homes sold in an average of 9 days with an average list price of $1,115,960. The average sale price was $1,224,384.

Dublin homes sold on average for 109.7% of list price.