Dublin Market Update December 2010 – Bucking The Seasonal Trend

2010 saw the Dublin real estate market loosen up quite a bit. For much of 2009, inventory was very tight, with pending sales levels equal to inventory most months. Pending sales remained strong in 2010 but inventory increases outpaced sales. The market remains quite healthy and well positioned for 2011.

In December, the inventory of single family homes in Dublin stood at 75, a decrease of seven homes, or 9%, from November’s inventory level of 82. December marked the third consecutive month of inventory losses. Pending sales were little changed at 29 during December, compared to 30 in November. As a result, inventory relative to pending sales also changed little, from 2.6 months at the end of November to 2.7 months at the end of December.

All Dublin Single Family Homes
Inventory Vs Pending Sales December 2010

Pending sales in Dublin are holding up remarkably well during the usual winter slowdown. Pending sales have changed little over the past four months, remaining between 29 and 32. Other markets in the Tri-Valley have shown the usual seasonal drop off during this time of year. Perhaps a sign that 2011 will be a strong year for Dublin real estate?