In November, home prices fell moderately from the month before, with a median listing price of $639,000.
The number of listings on the market shrank 14.9% from last month, which is a bigger decrease than normal for this time of the year in Oakland, and homes are also selling close to the same pace as the same time last year.
Home prices in Oakland
Typically, home price per square foot in Oakland tend to fall in November. And the most recent data shows that the price per square foot decreased by 2.0% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Oaktown are larger the national market.
Oakland inventory
In November, there were 616 homes for sale in Oakland, which was 14.9% less than the month before and 13.2% less than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Oakland was 184, which was 29.2% less than the month before and 2.1% less than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Oakland take an average of 55 days to sell, according to November figures.
This is 12 days more than the previous month and two days less than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Oakland, CA.
Most popular listings in Oakland, CA