San Leandro Market Update

As of June 2009, the number of active homes on the market in San Leandro totaled 125 - a 63.9% decline over June 2008 when inventory reached 346.  But even that seemingly high number of active homes was below the levels in the early 1990's when nearly 500 homes were active at any given time.  (See, it's not really all that bad out there!)  The number of pending sales held relatively steady at 74 in June 2009 versus 82 in June 2008 - a marginal 9.8% increase.  Combined with the decrease in active properties on the market, this is a good indicator of a stabilizing market.  The supply has decreased from 4.5 months of inventory in June 2008 to just 1.4 months in June 2009.  The average price has dropped 16.2%, from $419,837 in June 2008 to $351,745 in June 2009.