North Contra Costa January 2021 Report

Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed and 2021 began: pre-pandemic to initial pandemic crash through the subsequent, heated market recovery. 

As illustrated in the next 2 charts for the full county, low inventory levels of listings on the market have played a large role in the heat of the market. Listing activity has simply not kept pace with buyer demand. 

Listings accepting offers: December and January were well above the numbers for those months in the previous 2 years. 

The 2 tables below reflect market statistics and values for Q4 2020 only, which will often be different than those for the full year 2020. Median sales values can fluctuate for a number of reasons, and are especially prone to do so in markets with low sales volumes. 

We updated our Bay-Area-wide map and price ranking with 2020 (full year) median home prices: Bay Area Home Price Map 

The 3 classic market indicators following all tell the same story of a market heating up very dramatically in the second half of 2020. 

Two of the factors behind the housing market recovery were the dramatic drop in interest rates and the significant rebound in the stock market.