August 2025 Market Update

Single-Family Homes — Still a Seller’s Market

• 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 — Leaning Toward a Buyer’s Market

• 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