Although we are well into Fall and headed toward Winter, buyer demand in Dublin, CA remains strong. Currently, there is only one month of inventory available. As you can see from the graph below, homes sell for 100% of list price in Dublin. Days on the market for detached single family homes is about 19 year to date. As of the end of October 2013, there were 35 active homes on the market, 49 pending and 38 sold, with average selling price of $798,000 for detached homes. However, the market is slower than it was this past summer. Inventory is down to 35 active homes compared to 55 in August. Average days on market is up to 26 compared to 12 days in August. (click on images to make larger)
As of today, average 30 year fixed loans are 4.38%, which is higher than this year’s low but still good. It will be interesting to see how the market responds in 2014.