August 2025 Market Update
Median sale prices have fallen year-over-year for the sixth consecutive month: down ~2.08% in Alameda County and ~6.56% in Contra Costa County compared to last July.
Inventory is rising: active listings up ~15.7% year-over-year in Alameda, with sales down ~6.2%. Similarly, in Contra Costa, condo active listings are up ~9.5%, while sold listings are down nearly 25%.
Despite these shifts, the Months of Supply Inventory (MSI) remains below the balanced threshold (~3 months):
Alameda single-family: ~2.1 months
Contra Costa single-family: ~2.7 months
This means single-family homes still favor sellers.
Condos now have higher-than-balanced MSI:
Alameda condos: ~4.5 months
Contra Costa condos: ~4.2 months
That puts condo markets in a buyer’s advantage category
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