We’ve had SF on the couch. Now it’s time for Oakland’s analysis. We see some fairly serious issues, folks. Be warned.
The big story in Oakland is the lack of homes available. In March of this year, Oakland offered just 253 homes for sale. This is down 7% from February and (are you sitting down?) 59.1% from the March of 2012. Both list and sold prices are up in response and we must beg you again to sit down– because they’re up over 70% year-over-year.