I could almost copy July’s post for Livermore and re-post it here for August, since there was little change. Inventory did increase a little, while pended sales fell a bit, trends evident in all market segments. But the changes weren’t large and the August story for Livermore is pretty much the same as the rest of the Tri-Valley; inventory remains at historic lows, while demand remains very strong.
Overall, there were 90 homes for sale at the end of August, up 8% from 83 at the end of July. August’s inventory was still less than a third of what it was a year ago. Pended sales fell 5%, from 97 in July to 92 in August. There were 78 pended sales in August 2011. Inventory relative to pended sales increased to 1.0 month at the end of August, up from .9 months at the end of July.
All Livermore Single Family Homes
Inventory Vs Pended Sales August 2012
63 homes were actively listed for less than $1 million at the end of August, up 9% from 58 at the end of July. Pended sales fell from 93 in July to 90 in August. Inventory relative to pended sales increased from .6 months in July to .7 months in August. This segment accounted for 98% of Livermore’s pended sales and 70 of its inventory for August.
Livermore Single Family Homes Under $1 Million
Inventory Vs Pended Sales August 2012
Two sales were pended in August for more than $1 million, down from four in July. Inventory increased by two units to 27 at the end of August.
Livermore Single Family Homes Over $1 Million
Inventory Vs Pended Sales August 2012
Pended sales have trended down over the past five months, posting a 10% decline during that period. That is a gradual drop off and demand remains historically very high. While inventory has been fairly steady the past three months, it is down 30% from five months ago.
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