Summer 2025 Market Update - Oakland/Berkeley/Alameda

Written By Eric Wong

Summer (May–July) compared year-over-year from 2023-2025.

Here are the takeaways:

  • Oakland: Median prices dropped 10.1% YoY, while inventory jumped +50% — more homes, more leverage for buyers.

  • Berkeley & Alameda: Prices rose 5%+ despite higher inventory, strong demand keeping these markets competitive.

  • Months of supply — the time it would take to sell all current listings — climbed 30%+ across all markets, signaling a shift toward a more balanced market.

Bottom line: Inventory levels are higher than both pandemic and pre-pandemic years. That means more options for buyers and more competition for sellers.

Eric Wong
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Q2 2024 Market Update - Walnut Creek and Lamorinda