According to a Silicon Beat report, many East Bay neighborhoods are currently observing the same real estate pattern. Housing supply is down and sales are down but prices are up. 

In Fremont, listings for single-family homes fell by 43 percent in September year-over-year, while sales dropped by seven percent. The median price, however, rose 13 percent to $1,072,000. Fremont is one of a dozen cities in the East Bay where the median home price now tops $1 million.

In Lamorinda County’s Lafayette, listings fell 26 percent, sales fell 33 percent, and the median price still rose to $1,567,500.

Homes are selling especially quickly along the 880 Corridor, which is packed with commuters during the weekday rush hour. Homes along this highway sold in an average 22 days. Even with historically high home prices and limited available inventory, homes are continuing to sell rapidly. 

While most East Bay cities are observing the same trend, there are some notable exceptions. Oakland saw listings drop 11 percent year-over-year in September while sales also fell by 11 percent. The median price dropped by 11 percent to $687,500. 

Brentwood in eastern Contra Costa County also defied the trend, with listings rising three percent, sales rising 17 percent, and the median home price also rising by seven percent to $537,000.