According to a new report by Pacific Union, homes in the East Bay in October 2016 sold for approximately 116 percent of asking prices, with a median sales price of $975,000.
Moreover, the average time on the market was 17 days, marking the 8th straight month that homes were sold on average in less than three weeks.
On the downside, currently has a 1.2month supply of inventory, which is one of the lowest in the Bay Area.
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