The Market Velocity Report for Berkeley June 2020 & Quarter 2 Review

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Berkeley Market Velocity Statistics

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Homes for Sale
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Homes under Contract
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Homes Sold
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Average Days on Market
$ 0
Average Sales Price

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What is new in the housing space?


Answer: homes are selling like hotcakes, that is what.


Mostly one could argue because there isn’t enough inventory for the demand.

Covid hasn’t helped either by causing delays in homes coming to the spring market. What spring market? Yes, that is the point. We basically skipped it and went straight into summer. 

So while summer sales are strong, when you compare this years numbers to last, the comparison is stark. Sales are down by half. 

Half. 

You read that right.

That is insane.

Berkeley, California Quarter 2 numbers for the past 12 weeks.

April 1 – June 30, 2020

vs. 

April 1 – June 30, 2019

Total Units 232

vs.

Total Units 326

Active 71

vs.

Active 71

Pending 51

vs.

Pending 51

Sold 110

vs.

Sold 204

Avg. Days On Market 12

vs.

Avg. Days On Market 14

Median $1,250,000

vs.

Median $1,330,500

Current Berkeley Homes for Sale

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