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You are here: Home / Buyers / January Real Estate Market Infographic

January Real Estate Market Infographic

March 3, 2015 by Peter Maclennan Leave a Comment

January 2015 Housing Market Sales

The California Associaiton of Realtors® provided the latest infographic on what the market experienced in January of 2015. The San Francisco Bay Area led the state with a median single family home price of $669,590 for the month of January. Meanwhile the number of sales in the San Francisco Area fell by 14.2% year over year.

Right now the market is tight as inventory is low. Home buyers are coming off of the fence because of low interest rates. As well, lower oil and gas prices in January and February provided a bit of breathing room in many budgets. This is inspiring renters to move towards home ownership.

In a survey conducted by Freddie Mac on Home Ownership and Rental Perceptions renters held a very high view of home ownership. In fact, 91% of those surveyed said that owning a home was something to be proud of.Renters' View on Home Ownership

Buyers are coming off of the sidelines and inventory is down.

December 2014 Inventory

All this means that for the foreseeable future, Sellers are in the driver’s seat.

 

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Filed Under: Buyers, Real Estate Market, Sellers

About Peter Maclennan

I moved to Dana Estates with my family in 2012. We love the neighborhood. We love that it is relatively quiet, the neighbors are friendly, and the trees that line the street.
If we aren't hanging out at Starbucks or buying a pizza from P-za Pie, you will find us cruising the sidewalks near Lynwood and Beechwood Dr. Feel free to stop me and say hello.

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Meet Peter

I moved to Dana Estates with my family in 2012. We love the neighborhood. We love that it is relatively quiet, the neighbors are friendly, and the trees that line the street.
If we aren't hanging out at Starbucks or buying a pizza from P-za Pie, you will find us cruising the sidewalks near Lynwood and Beechwood Dr. Feel free to stop me and say hello.

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Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood. More…

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Disclaimer: Information on this site is deemed reliable, but is not verified nor is it guaranteed. Peter Maclennan is a licensed real estate broker in the State of California serving the Dana Estates neighborhood in Concord through Maclennan Investment Group, Inc.. CA DRE # 01801793
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