Diablo Valley Market Report

December 2024
Diablo Valley Market Report December 2024:

December Market Insights: What to Expect as We Look to 2025

As the holiday season takes hold, the real estate market in the Diablo Valley, including Danville, naturally slows down, with fewer new listings and homes going into contract. However, this quieter season offers unique opportunities—savvy buyers can negotiate more aggressively on properties that have been on the market longer, while sellers can still attract motivated buyers looking to close before the year's end.

Looking ahead, we're already hearing whispers of strong demand for early 2025, with many homeowners preparing to list their properties in the new year. Historically, we've seen buyer activity pick up steam in January and accelerate into the vibrant spring market. While national economic trends like interest rates, stock performance, and inflation may influence local conditions, we remain optimistic about what's to come.

If you're considering buying or selling, or just want to stay ahead of the trends, let's connect! Whether it's planning your next steps or making the most of this current market, we are here to help you every step of the way.

Report created in good faith with data from sources deemed reliable but may contain errors and subject to revision. Statistics can be affected by a variety of factors and are best considered indicators of change rather than exact measurements. All numbers are approximate and may change with late-reported activity. Economic indicators can be volatile.

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Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" -- differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit properties already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.