11/02/2026
MARKET MONDAY!!! The housing sector is currently defining itself through a "lock-in effect" and a shifting macroeconomic backdrop, with 30-year fixed average mortgage rates hovering around 7.24%.
The local Danville, CA area housing market remains competitive and heavily insulated, moving at a much faster rate than the broader U.S. market. Despite national trends of slowing contract activity, Danville remains a premium submarket within the East Bay. The average home price is around $1.9 million—which is up ever so slightly (+0.2% to +6.6%) year-over-year.
Unlike many regions where homes are beginning to linger, homes in Danville are going pending in a swift 15 to 23 days on average, and the sale-to-list price ratio remains at an exceptionally tight 99% to 100%. Buyers in the area are essentially paying full asking price for turn-key homes in desirable areas.
As we head toward the end of the year, we will start shifting our focus to the real estate predictions for 2027, so continue to follow to see where we are headed!