July 2026 Market Trends

The July 2026 data points to a mixed Bay Area market, with single-family homes generally remaining stronger than condos and townhomes. Inventory is still relatively constrained in many single-family markets, but declining sales and longer market times in several cities suggest buyers are becoming more selective.

Oakland and Berkeley continue to show strong competition for single-family homes. Oakland homes sold for an average of 114% of list price with just 1.94 months of supply, despite the median price declining 3% to $840,000. Berkeley remained one of the most competitive markets, with homes selling at an impressive 135% of list price and only 1.02 months of inventory. El Cerrito was also strong at 120% of list price, although sales declined 33%. Richmond remained relatively affordable, with a $582,500 median price and homes selling quickly in just 12 days.

Contra Costa County showed considerable variation. Alamo's median price increased 5% to $3.122 million, while Danville rose 4% to $2.19 million. Walnut Creek's median declined 5% to $1.54 million but homes sold in only 10 days. Concord remained active at a much lower $820,000 median, while Martinez experienced a significant increase in market time to 41 days. Pinole prices increased 4%, and Hercules homes sold particularly quickly, although the very low number of sales makes its monthly numbers more volatile.

The Tri-Valley markets appear to be giving buyers somewhat more negotiating room. Dublin had one of the strongest price increases, with its single-family median rising 13% to $1.701 million, but homes averaged only 98% of list price and inventory reached 3.16 months. Pleasanton also averaged 98% of list price, with its median price declining 14%, while San Ramon averaged 100% with 2.4 months of inventory. These figures suggest a more balanced environment than Berkeley, Oakland, or El Cerrito.

The condo and townhome market continues to favor buyers more than the single-family market. Inventory exceeded four months in Berkeley, Concord, San Ramon, Dublin, and Pleasanton, with Dublin reaching 5.06 months. This gives condo and townhome buyers more choices and potentially greater negotiating leverage. Overall, sellers of well-priced single-family homes in low-inventory markets continue to have an advantage while buyers, especially those considering condos and townhomes have more choices and greater negotiating opportunities.