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Your Monthly Analysis: Price Trends for Oakland

Like San Francisco's, Oakland listing prices have been rather fierce in February, pushed up by a confluence of low inventory and higher demand in the East Bay. Trulia shows us how confidence for the Oakland home seller is on the rise in this graph:

The average listing price for Oakland homes was $514,186 for the week ending Feb 27, which represents an increase of 9.6%, or $45,007, compared to the prior week and an increase of 6.9%, or $33,035, compared to the week ending Feb 06.

San Francisco posted more homes for sale by the end of February, something we hoped would work to cool the market off a tiny bit before it explodes completely. Sadly Oakland inventory is not behaving symbiotically.

There were more home on the market by the end of Feb. compared with the beginning, yes; but as the month closed, the number of offerings was headed down again. This does not bode well for March buyers hoping for a less competitive market. We'll check back next month to confirm.
· Your Monthly Analysis: Home Price Trends for SF
· Market Trends for Oakland [Trulia]
· Over 1,000 New Housing Units Planned for Berkeley [CurbedSF]
· All Monthly Analysis coverage [CurbedSF]