For single family homes in Hayward, price appreciation over the past 12 months has been impressive. Many homeowners are getting “above the water line” in terms of what they owe compared to values, and this should result in some more movement of inventory in the coming summer months. The median home price increased 33.71% in the past 12 months.
Another interesting statistic…Sales price to List price ratio is 106%, meaning that on average, homes are selling for 6% above the asking price. This shows the current strength of the seller’s market, as does the average home being on the market only 21 days versus 45 days two years ago.
What does all of this mean? If you are interested in selling, now is a great time to do it!