Pleasant Hill homes for sale – Supply and Demand.

Let’s take a look at Pleasant Hill California homes for sale and see if we can get an idea of the health of the Pleasant Hill real estate market.

One of the biggest factors in how much a home is worth is the relationship between Supply and Demand.  Supply is the number of homes available on the real estate market, demand is the number of buyers that are ready willing and able to buy them.

Pleasant Hill California is typical of other established communities in Contra Costa County.  There is very little, if any, new home building going on.  The community benefits from a diverse local employment base.  However, as with many communities across California and the nation, it has recently been hit by the financial crisis and has a dsubstantial number of bank-owned, foreclosed, and short-sale homes available for sale.

Pleasant Hill Homes for Sale – Supply and Demand

The first thing you may notice when looking at the graphic display of the single-family Pleasant Hill homes for sale is the disparity between the number of homes available and the number of homes sold.

To be sure, a buyer looking for Pleasant Hill real estate has many homes from which to choose.  But real estate in Pleasant Hill comes in many different shapes and sizes – and conditions!  If we look at the percentage of Pleasant Hill homes for sale and how many Pleasant Hill homes sold, we see that around 20% of the total inventory is absorbed each month.

What is interesting to me is the trend in sales of Pleasant Hill homes.

The curved line at the top of each bar on the graph is a polynominal trend line.  We find that the trend for Pleasant Hill homes for sale is going up over the two-year period, but is has actually been trending down since November of 2011.

By the same token, the line showing Pleasant Hill homes sold over the same period is moving slightly upward.

Pleasant Hill CA Homes For Sale Supply and Demand graph, courtesy of Terradatum

Pleasant Hill Homes For Sale - Supply and Demand for April 2011

If you are a Pleasant Hill homeowner, this is good news.  But with interest rates the lowest they have been for some time – and with property values at levels far below that of a few years ago, buyers have some good news, too!

In Pleasant Hill California, it appears that there are plenty of homes to buy and a steady stream of people willing to buy them.

Springtime typically brings increased real estate market activity, especially in Pleasant Hill and the surrounding communities of Contra Costa County and the East Bay Area.  We will have to wait for a few more months to see if the Pleasant Hill real estate market is climbing out of the market slump of the past couple of years.

Hopefully the Pleasant Hill Homes For Sale Supply and Demand report is an early signs of more good things to come.

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