December 2021 East Bay Real Estate Market Update ⏰📊

13 Jan 2022 by Mark Fleckles

2021 was a record-breaking year for real estate in many ways. As we closed out the year, the number of homes sold in the East Bay dropped significantly compared to December 2020. The driving force for this was NOT a lack of buyers but rather a huge drop in new listing inventory of homes for sale. Buyer demand remained incredibly strong even as prices continued to climb.

What does 2022 look like? The much anticipated rise in interest rates later this year could impact buyer affordability. But the lingering pandemic has many sellers continuing to keep their selling plans on hold for now. If you are thinking about selling, now is a great time while inventory is incredibly low and buyer demand remains strong. If you’re thinking about buying a new home, interest rates are still at historic lows providing great purchasing power.

Want help understanding the impact in your neighborhood or area of interest? Email me mark@bayareamodern.com or give me a call/text 📞 510-967-6169 and let’s chat!

Mark Fleckles

Mark’s passion is listening to his client’s needs and guiding them through the often complex and emotional process of buying or selling a home. His excellent client focus is demonstrated through strong attention to detail, consistent communication, and remaining calm under pressure to ensure a positive experience for all parties involved. Mark is always ready to go above and beyond to exceed expectations – from finding the right home to match his client’s tastes and needs, to consulting for home presentation and marketing to ensure maximum selling potential. As a real estate investor since 2002 and now top real estate agent, Mark provides real estate services in Oakland, and the surrounding East Bay Area. Mark’s specific areas of expertise include working with first time homebuyers, investors, sellers, and 1031 exchanges. Outside of real estate Mark enjoys traveling, hiking, bicycling, and the varied food and cultural experiences of the Bay Area.

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