November Market Watch for Danville
As of November 1st, 2008, there were 281 detached single family homes for sale (just a few more than 1 month ago) and 59 condos and townhomes etc. (again, little change). This is becoming an established pattern now. Prices in Danville also appear to have stabilized and although the average time on market is higher than we have become accustomed to in recent years, it is really just a little higher than in a true “normal” market. Homes that are priced correctly should sell within four or five weeks. The indications are that we have now passed the bottom of the market in Danville although this is certainly not the case in all parts of the East Bay.