We analyze several housing market indicators in order to present an in-depth breakdown of Concord Homes Market comparing February 2009 to February 2010.
Summary of Key Points
Concord Homes for Sale has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster. Sellers got over asking price. The market is making an upward move.
Key Statistics, Concord, CA: Median Sales Price (18.12%), Median Days on Market (-41.76%), and Number of Units Sold (-19.49%), Sales Price to List Price Ratio (Feb 09 98% - Feb 10 101%)
Concord Homes
The city of Concord experienced a 18.12% increase in median sales price from last year going up from $238,189 (Feb. 09) to $281,342 (Feb. 2010). Median days on market data for Concord show that houses are selling faster than Feb 09. It took 58 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 34 days (a 41.76% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 118 units were sold compared to 95 for Feb 10 (-19.49% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Concord. SP/LP ratio for Feb 09 was 98% compared to 101% for Feb 10.
Let's take a brief look at neighbors Antioch and Walnut Creek. Antioch Homes featured a 14.70% increase in median sales price ($185,797 Feb 09 - $213,110 Feb 10) and Walnut Creek Homes saw a 1.93% increase ($503,255 Feb 09 - $512,943 Feb 10). Are houses in Antioch and Walnut Creek selling faster or slower this year? Well, Antioch experienced a 54.02% decrease (55 to 25 days) in median days on market and Walnut Creek a 37.60% decrease (70 to 43 days). In the units sold category, Antioch sold 89 units less (44.72%) in Feb 2010 than 09 and Walnut Creek sold 20 units more (68.97%) in Feb 2010 than Feb 09.
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