Oakland Real Estate Market Update: Months Supply of Houses

Wow! Look at this chart! this represents an 84% decline in inventory from August 2007  tthough August 2009.  Oakland went from 11 months worth of houses to 7 weeks.  If you've been trying to purchase a house and keep getting beat up here is one of the reasons.  Lots of competition for available inventory,

Please visit my website at http://www.billfletcherhomes.com/ for more information about East Bay Real Estate. Please call or email me at bill@redoakrealty.com for a confidential consultation, home valuation or other real estate related need.