Headlines talk about “the housing market,” but real estate is hyper-local. These five numbers tell you what’s happening on your street.
1. Median sale price
The middle sale price for a period. Useful for trends, but it shifts with the mix of homes sold — a month with more large homes will push it up. Compare the same month year over year. Pleasant Hill this month: [$ median — add from MLS].
2. Days on market (DOM)
How long homes take to go under contract. Low DOM means buyers are acting quickly; rising DOM gives buyers more negotiating room. Local: [median DOM].
3. Months of inventory
How long it would take to sell all current listings at the current sales pace. Lower numbers generally favor sellers; higher numbers favor buyers. Local: [months].
4. Sale-to-list price ratio
Sale price divided by final list price. Above 100% means homes are typically selling over asking. Local: [%].
5. Mortgage rates
Rates change weekly and directly affect buying power. Freddie Mac publishes a weekly national average in its Primary Mortgage Market Survey; your actual rate depends on your credit, loan type and down payment.
Where to find reliable data
Statewide data is published by the California Association of REALTORS®. For your neighborhood, the most accurate source is local MLS data — which Erik summarizes every month in the local market update.
This article is general information, not legal, tax or lending advice. Consult the appropriate licensed professional for your situation.
