Fremont, CA housing market

Fremont home values slipped about two percent over the past year, yet homes here still sell in roughly a month. If you own a home here and you are weighing a sale, here is what the August numbers actually say. The typical Fremont home is now worth about $1.4 million, a real but modest decline. What keeps this from turning into a buyer's market is supply. There are only about 260 homes for sale across the entire city, with roughly 150 new listings this month. That is thin supply, and homes are moving, with the typical listing under contract in about 31 days. Here is the number that sharpens the story: only about 14 percent of listings have cut their price. In a truly soft market you would expect far more. The median list price sits around $1.35 million, a bit below the typical value, which says most sellers are pricing to sell, not to test. So if you are selling, price at the market from day one. Buyers here are active but disciplined, and a realistic price still gets you a sale in about a month. To see what your Fremont home is worth right now, get a free estimate at Home Value Pros dot com.