Union City, CA – Dynamic Real Estate Market: High Demand, Quick Sales, and Competitive Pricing

March 29, 2024

Union City, CA – The real estate market is currently showing strong indicators for both buyers and sellers. 📊 The Months Supply of Inventory is at an impressively low 0.23, indicating a high demand for properties and a limited number of homes available for sale. 🔍 This low inventory level is further emphasized by the 12-Month Change in Months of Inventory, which has decreased by 47.73% compared to the previous year.

💼 Sellers can take advantage of these favorable market conditions, with homes spending a median of just 8 days on the market before being sold. 📈 Additionally, the List to Sold Price Percentage is at 107.6%, meaning that on average, homes are selling for over the listing price, demonstrating a competitive market and strong buyer interest.

🔑 Buyers should be prepared to act quickly and potentially offer above asking price in order to secure a property in this competitive market. 💰 The Median Sold Price is at $1,465,000, indicating a high price point for homes in the area.

🌟 Overall, the current real estate metrics point to a market that is favorable for both buyers and sellers, with low inventory levels, quick sales, and strong demand leading to competitive pricing and high list to sold price percentages. 🏡 Buyers and sellers alike should be prepared to act swiftly and strategically in order to navigate this dynamic market.

Links and Resources:

qr_code - Union City - RealtorHarvinder-com - Harvinder Balu — qr code for this post

Link for this post: http://RealtorHarvinder.com/union0224

Direct Link for this post: https://Harvinder.dscloud.me/blog/03/29/2024/union-city/

PDF Report: http://RealtorHarvinder.com/unionfeb24

Link to MLS Listings in Union City, CA

Alameda County : Latest Inventory & Market Update: http://RealtorHarvinder.com/alameda

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Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.

Source: (RPR) Realtors Property Resource®