Walnut Creek Market Update August 21, 2013

Here is a snapshot of the Walnut Creek housing market as of 8/21.  Note, prices are staying stable and from the beginning of the year inventory is up, but we are seeing more price reductions.  Primarily because sellers were thinking they could price it a certain percentage above the last comparison.  That market has now changed primarily due to the increase in rates and the slightly more inventory we currently have.  Even though rates have edged up, they are still historically low, so if you are thinking about moving, now to within the next 10 months may be a good time as NAR expects rates to move in an upward direction.

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