Is the El Cerrito’s Market Cooling Slightly? Here's the August Snapshot

August brought a bit of a shift in the El Cerrito single-family home market. While prices and activity dipped, inventory saw a sharp increase — a sign that buyers may have more options heading into fall.

Here’s what the numbers show:

• Average Sales Price: $1.38M — down 2%
• Average List Price: $1.47M — down 13%
• Homes Sold: Just 7 — a 55% drop
• Average Days on Market: 20 — down 3%
• Active Listings: 18 — up 50%

💡 Pamela’s Take:
This kind of shift often signals a more balanced market. Sellers may need to adjust pricing expectations, while buyers could benefit from increased inventory and negotiating room. It's also important to take notice of the homes listed for sale during this period. The kind of housing inventory available can have an effect on sale price, days on market, etc

If you’re thinking about buying or selling in El Cerrito, let’s talk about how to position yourself strategically in this changing landscape.