There is a lot of data out there about the trends in Walnut Creek housing prices. A number of realtors are very willing to share these snapshots of the current market. But the commentary is often so skewed toward creating sales that it may blind buyers to the true nature of the market.
In the above chart it should be VERY obvious that the median price increased at an unsupportable rate. This fact is simply not stated by may realtors, but buyers and sellers alike should be aware that the price of homes in California, Walnut Creek included, are inflated and will either drop or remain flat based on historic appreciation.
Buyers – don’t believe the hype. Stay on the sidelines and let the prices fall until you can buy at a price that is historically supportable.
Tags: contra costa home sales, housing charts, housing trends, walnut creek housing, walnut creek prices
