Antioch Ca Homes For Sale Market Comparison Report (December 2009 Vs. December 2008)
We analyze several housing market indicators in order to present an in-depth breakdown of Antioch Ca Homes for Sale Market comparing December 2008 to December 2009.
Summary of Key Points
Antioch Ca Homes for Sale market has taken a major hit from last year
Median Sales Price (+4.91%), Median Days on Market (-39.95%), and Number of Units Sold (-51.63%)
Big Picture: Out of 20 cities analyzed in the East Bay, Antioch suffered the largest decline in the number of units sold
Antioch Ca Homes for Sale
The city of Antioch experienced a 4.91% increase in median sales price from last year going up from $205,565 (Dec. 08) to $215,660 (Dec. 09). This modest increase in median sales price might at first glance seem like good news for Antioch however, when compared alongside median days on market and number of units sold, we realize that it is not so simple. Median days on market for a house in the city of Antioch for December 08 was 52 days compared to a meager 31 days in December 09 and number of units sold have taken a major beating going down by more than half from 306 units in Dec 08 to 148 units in Dec 09. The increase in median sales price coupled with a 39.95% decrease in median days on market should theoretically spell good news but a 51.63% drop in units sold says otherwise. The increase in sales price in this case dissuaded buyers from purchasing new homes.
There is good news for neighboring city Brentwood because Brentwood Ca Homes for Sale saw a modest increase in median sales price of 1.03% and a semi-dramatic increase in units sold of 24.49%. Neighbor Concord also witnessed a small increase of 1.15% in median sales price but Concord Ca Homes for Sale suffered pretty much the same fate as Antioch with a drop of 13.07% in the number of units sold.
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