The Oakland housing market is experiencing changes, with 11% of listings at risk of selling below purchase prices. Sellers from the pandemic period are particularly affected, with 32% facing losses compared to just 9% nationally. Meanwhile, 24% of post-pandemic buyers also risk selling at a loss. The condo market shows the highest risk, at 23%, while 4% of pre-pandemic buyers are at risk. Despite these challenges, many sellers remain hopeful and often opt to wait or rent instead of selling at a loss.
In Oakland, 11% of all listings are at risk of selling for less than homeowners bought them for, marking a significant rise from last year.
32% of sellers who bought during the pandemic are at risk of losing money on the sale, compared to a national figure of 9%.
The share of sellers who potentially face losses varies: 24% of those who purchased post-pandemic, 4% who bought pre-pandemic, and 2% nationwide.
The condo market in Oakland experiences the highest risk, with 23% at risk of selling at a loss, significantly above the national average of 10%.
Collection
[
|
...
]