July Real Estate Update

Hi Friends,

In the spirit of The Worldwide Day of Giving on June 15th, we were honored to donate $3,200 on behalf of our clients to a few organizations making a real difference: Planned Parenthood, Girls Inc., Alameda County Community Food Bank, and Destiny Arts . We’re so grateful for all they do to support and uplift our community.

July is full of fun ways to get out and enjoy the East Bay. Here are a few ideas:

Somewhere to Oakland: a free, month-long celebration of vertical dance by Project Bandaloop, July 8–26 at Frank H. Ogawa/Oscar Grant Plaza
Live music under the stars at The Greek Theatre in Berkeley
Catch an Oakland Ballers game or swing by the new Prescott Market
Free outdoor performances of Shakespeare’s Cymbeline at John Hinkel Park, running select dates through July 20th

If you’re looking for more inspiration, Berkeleyside and Oaklandside events calendars are always a great place to start!

We hope that you have a wonderful July–full of sunshine, community, nature, and all the good vibes here in the East Bay and wherever you’re heading this summer!

Warmly,

Maria, Corey, Anita, and Carla

About Our Listings

**Just Sold**

7383 Saroni Drive | Oakland
3 ++ Beds | 2.5 Baths

7383saroni.com

**Just Sold**

5343 Broadway Terrace Unit 401, Oakland
1 Bed | 1 Bath

5343broadwayterrace.c om

Inner East Bay Market Update

3801 Lakeshore Avenue: Photo by Kurt Manley

Q2 2025 Wrap-up

The Inner East Bay housing market continued to perform well in the second quarter of 2025. Buyer activity remained strong, especially for single-family homes, and while condos saw more mixed results, momentum is building.

Single-Family Homes
Single-family homes remain the driver of strength in the Inner East Bay. The median sales price increased 2.4% year over year to $1,280,000, and despite a small uptick in market time to 14 days (up from 13 last year), homes are still selling quickly. Contracts and closings both saw healthy growth. A total of 1,061 homes went into contract (up 2.7%) and 955 homes closed (up 2.9%), showing that demand is robust. Inventory also rose modestly, up 1.5% at quarter-end, but months supply of inventory (MSI) held at a tight 1.9, keeping upward pressure on pricing. While the percentage of homes selling over asking dipped 5.5% to 77.7%, that still represents a strong majority. Sellers continued to benefit from competitive offers, with final sales averaging 114.9% of list price.

Condominiums
The condo market was more mixed, but still encouraging overall. The median sales price declined 2.9% to $582,500, and price per square foot edged down 0.9% to $561. Median days on market rose slightly to 25, reflecting more selective buyer behavior. That said, buyer interest is building. Pending sales jumped 11.7% to 220, the strongest indicator that activity is gaining momentum in this segment. Closed sales held steady at 166, while active inventory rose nearly 10% to 333, bringing the MSI to 5.4, much higher than for single-family homes and indicative of a slower-paced, more negotiable market. Still, 39.2% of condos sold over asking, and sellers received an average of 101.6% of list price. That shows that well-presented and properly priced units are absolutely finding traction.

Interest Rates & Market Outlook
Mortgage rates are trending favorably. Freddie Mac reported that the average 30-year fixed-rate mortgage dropped to 6.67% last week, marking the fifth consecutive week of declines and the largest dip since early March. While affordability headwinds remain, falling rates are boosting buyer confidence and helping more sellers feel comfortable listing.

Bottom Line
The Inner East Bay remains a competitive and desirable market. Single-family homes are moving quickly and often over asking, while condo buyers are starting to re-engage with greater inventory and a bit more flexibility. With summer typically being a quieter stretch, now could be a smart time to make a move before activity ramps up again in the fall.