Fremont, CA housing market

Fremont's market is cooling, and the clearest sign is in the asking prices. About 19 percent of active listings have taken a price cut, which tells you a meaningful share of sellers are overshooting and then adjusting. The typical home value now sits at about $1.46 million, down roughly 3.4 percent from a year ago. That's a real decline, not just a flat patch. Supply is still tight, though. There are only about 272 homes for sale across the city, with roughly 152 new listings coming on. And homes are still moving at a reasonable clip, going under contract in a median of about 31 days. So this is not a market where nothing sells. It's a market where correctly priced homes move in about a month, and overpriced ones sit and then cut. Notice the median list price, around $1.4 million, actually sits below the typical home value. Sellers are starting to price with some discipline. If you're selling in Fremont this summer, price to the market you have today, not the one from two years ago.