Brentwood housing market Looking back

Brentwood housing market Looking back

Brentwood housing market Looking back and forward, As we began 2015, the number of homes available for sale in Brentwood was not as low as it was a year ago. However, there are only 50 homes on the market, which is the same supply as at the beginning of 2013.

Due to the high demand for Brentwood houses especially under $2 million, the median $3.7 million list price is almost unbelievably 70 percent higher than it was two years ago, and 23 percent higher than one year ago.

In 2014, we experienced another year of fewer sales as compared with 2013, with average sales prices increasing by 15 percent.

With just 50 homes on the market at the start of this year, it would only take only 2.5 months to sell all the homes available at the current rate.

When the inventory level dips below six months, it is generally considered to be a “seller’s market.”

As of January 2015, sellers nearly have the most favorable market environment that we’ve had in decades. With home sales continuing to exceed new inventory in 2014, it is no surprise that prices have continued to increase so much.

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