Year over year, Contra Costa County home values in August edged up slightly, with the typical sale price just above last year. New listings rose almost 5 percent from a year ago, while active listings dipped over 4 percent, signaling fewer options despite more owners deciding to list. Pending sales were down nearly 9 percent from last August, pointing to some cooling in buyer activity.
In the latest monthly snapshot, August’s median sale price slipped about 3 percent from July even as the median list price climbed nearly 5 percent, suggesting sellers are testing higher asking prices than what buyers are ultimately paying. Homes are taking longer to sell than a month ago, with median days on market rising from 24 to 29 days and months of supply ticking up to 2.6, yet the market still leans toward sellers with a seller’s market gauge of 38.
Competition has eased from early summer peaks, as the share of homes selling above list dropped from more than 45 percent in June to about 36 percent in August and the average sale-to-list ratio hovered near 101 percent. Compared with California overall, Contra Costa County sits above the statewide median sale price and below the state’s months of supply, underscoring its relatively tighter conditions. Buyers who want to navigate shifting prices and limited inventory, and sellers aiming to price and time their move wisely, can both benefit from Agent Pronto’s help in finding the right local real estate agent.
