Concord, CA housing market

Concord is a market that has cooled rather than cracked. The typical home is worth about seven hundred fifty-seven thousand dollars, down roughly 1.7 percent over the past year. That is a modest decline, but it tells you the days of automatic price growth have paused. There are only about 208 homes for sale, so supply is still fairly tight, and homes are moving in a median of about 33 days, which is a healthy, steady pace, not a rush. The median list price sits near seven hundred seventy-four thousand dollars, a little above what homes are actually worth, which hints some sellers are testing higher numbers. About 136 new listings came on this month, and roughly 17 percent of listings have already cut their price. Put it together and the message for a Concord seller is simple. This is still a workable market if you price to today's values. Come in too high and you will likely sit, then cut. Realistic pricing sells here.