How to describe 2021? I have no words (stop laughing Sherry). Ok, I’ll give it a shot. We all lived it together, so you already know there were so many ups and downs in every area of our lives. But for today let's just focus on what the real estate market in Central Contra Costa County looked like in 2021.  

You can see from the four graphs below that it was a very active market for home prices and days on market. But inventory, it turns out, was the most interesting story of the year. Starting with home prices for Single Family Homes in Central CCC, the average price per square foot steadily rose until May and then leveled out for the rest of the year. This is reflected in the Median Sales price as well peaking midyear and leveling off in the last quarter. Average Days on Market went from 23 days in January down to 9 in the middle of the year and back up to 2 weeks in the fourth quarter. We typically tell people that the market is hottest in the second quarter and all three of these graphs tell that same story in numbers. 

The fourth graph, which shows the number of sales by month compared to 2020, is the most interesting. You can see April and May are percentage wise off the charts because in 2020 we were shut down during those months. But the market the rest of the year more than made up for it.  On the whole 2020 had a 10% increase over 2019 and 2021 had an increase of another 15% over 2020 in the number of homes sold.  But as we look at the end of 2021 you can see that we had fewer homes that sold every month from July to the end of the year. Even though demand was high (we wrote an offer in December that had 24 offers). Inventory for the whole year was up but down for the last 6 months. 

It is still a sellers market, if you would like to find out about your home’s value and what it would look like to sell this year, please give us a call.